Get an SBA Loan for Full-Service Restaurants

Looking for small business loans for full-service restaurants? Talk to a banker who works with the SBA. This $910,800 full-service restaurants loan was issued by an Iowa bank.

This company knew how to go about getting a business bank loan. Based in Ankeny, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was First Fed. Savings Bank - Iowa, based in Fort Dodge, Iowa.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
ANKENY, IA 50021

SBA Loan Lender

FIRST FED. SAVINGS BANK - IOWA
825 CENTRAL AVE
FORT DODGE, IA 50501

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/24/2007

Loan Approval Gross Amount

$910,800

Loan Approval from the SBA

Of the total $910,800 loan amount, the SBA guaranteed $683,100.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 74 employees. The loan application indicated that the loan would help generate 70 new jobs and retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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