Natural Chicken Grill Gets a Florida Bank Loan
SBA loans in Florida are are few and far betweeen these days. We take a look at one Florida SBA loan, provided by a Florida bank, that was approved by the SBA.
You can learn something about getting a small business loan in Miami, Florida by studying this loan to Natural Chicken Grill, made back in 2003. Banks like Ocean Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
NATURAL CHICKEN GRILL
8519 S.W. 13TH COURT
MIAMI, FL 33183
SBA Loan Lender
OCEAN BANK
780 NW 42ND AVE
MIAMI, FL 33126
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
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
8/18/2003
Loan Approval Gross Amount
$80,000
Loan Approval from the SBA
Of the total $80,000 loan amount, the SBA guaranteed $68,000.
More Information on This SBA Loan
The borrower, Natural Chicken Grill, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 7 employees. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
Every year, the SBA guarantees over $10 billion for loans just like this one.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Ocean Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
How to Raise Money
Where to Get an SBA Loan in Miami, Florida
Florida SBA 7A Lenders
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