Ocean Bank Gives Business Loan to Paella Seafood Grill, Inc.
Florida small business loans are available to Florida small business owners through the SBA. In this case, a Florida bank provides the loan.
You can learn something about getting a small business loan in Pembroke Pines, Florida by studying this loan to Paella Seafood Grill, Inc., 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
PAELLA SEAFOOD GRILL, INC.
12389 PEMBROKE ROAD
PEMBROKE PINES, FL 33025
SBA Loan Lender
OCEAN BANK
780 NW 42ND AVE
MIAMI, FL 33126
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.
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
7/7/2003
Loan Approval Gross Amount
$193,000
Loan Approval from the SBA
Of the total $193,000 loan amount, the SBA guaranteed $144,750.
More Information on This SBA Loan
The borrower, Paella Seafood Grill, Inc., borrowed this money for a new business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 8 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
This SBA loan was for $193,000. How would you spend $193,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Paella Seafood Grill, Inc., may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
How Equity Dilution Works
SBA Approved Banks in Miami, Florida
Find an SBA Lender in Florida
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