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May 3, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > West Palm Beach, Business Loans > Flagler Bank West Palm Beach Business Loans > Mama Fu's Noodle House Loan | ||||
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Best Banks for Wellington Small Business Owners
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Wellington, FL Entrepreneur Gets SBA Loan to Buy Mama Fu's Noodie House FranchiseNeed money to invest in a Mama Fu's Noodie House franchise? Flagler Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Mama Fu's Noodie House franchise? If so, here's a 2004 SBA franchise loan that you should know about. Flagler Bank was the lender and the entrepreneur was based in Wellington, Florida. SBA Loan Borrower MAMA FU'S NOODLE HOUSE SBA Loan Lender FLAGLER BANK This lender issued this loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/13/2004 Loan Approval Gross Amount $318,000 Loan Approval from the SBA Of the total $318,000 loan amount, the SBA guaranteed $238,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mama Fu's Noodie House franchise. At the time of the loan, the company had 26 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Role of Business Plan When Raising Money Banks in West Palm Beach, Florida
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