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April 28, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Fort Pierce, Business Loans > Riverside National Bank - Florida Fort Pierce Business Loans > Woody's Bar-B-Q Loan | ||||
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Advice for Borrowing Money to Buy a Franchise
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Loan to Buy Woody's Barbecue Franchise Issued By Riverside National Bank - FloridaNeed money to buy a Woody's Barbecue franchise? Riverside National Bank - Florida has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Woody's Barbecue franchise shouldn't be too tough. In 2002, Riverside National Bank - Florida issued an SBA franchise loan to an entrepreneur in Indiatlantic, Florida. Because Woody's Barbecue was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis. SBA Loan Borrower WOODY'S BAR-B-Q SBA Loan Lender RIVERSIDE NATIONAL BANK - FLORIDA This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 5/13/2002 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Woody's Barbecue franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Indiatlantic or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: SBA 7A Banks in Fort Pierce, Florida
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