Limited-Service Restaurants Commercial Loans

Looking for commercial loans for limited-service restaurants? The SBA may be the answer. This $134,800 limited-service restaurants loan was issued by a Georgia bank.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Charterbank, out of West Point, Georgia. The loan was granted and they received $134,800 to help grow their Auburn, Alabama business.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
AUBURN, AL 36830

SBA Loan Lender

CHARTERBANK
600 3RD AVE
WEST POINT, GA 31833

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

7/3/2002

Loan Approval Gross Amount

$134,800

Loan Approval from the SBA

Of the total $134,800 loan amount, the SBA guaranteed $114,580.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Auburn AL, you ought to talk with a local Auburn SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Auburn businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $134,800 loan. Remember, anyone can do it... so why not you?

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:

Attracting Investors

Where to Get an SBA Loan in West Point, Georgia

Georgia SBA 7A Lenders