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December 20, 2024 |
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| Home > Small Business Lenders by State > Alaska Business Loan Sources > Seattle, Business Loans > Pacific International Bank Seattle Business Loans > Full-Service Restaurants Loan | ||||
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Requirements for Small Business Owners On Getting a Loan
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Getting an SBA Loan for Full-Service RestaurantsLooking for commercial loans for full-service restaurants? The SBA may be the answer. This $222,800 full-service restaurants loan was issued by a Washington bank. This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Pacific International Bank, out of Seattle, Washington. The loan was granted and they received $222,800 to help grow their Anchorage, Alaska business. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender PACIFIC INTERNATIONAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 2/8/2005 Loan Approval Gross Amount $222,800 Loan Approval from the SBA Of the total $222,800 loan amount, the SBA guaranteed $111,400. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 11 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 11 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. This SBA loan was for $222,800. How would you spend $222,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, 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 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: Obtaining Funding From a Venture Capitalist Best Banks for Small Business in Seattle, Washington
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