Full-Service Restaurants Bank Loans
Looking for bank loans for full-service restaurants? The SBA may be the answer. This $193,000 full-service restaurants loan was issued by an Alabama bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Auburn, Alabama was able to borrow $193,000 from Auburnbank. The SBA made the loan possible by guaranteeing $144,750 of this Alabama small business loan.
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
AUBURN, AL 36830
SBA Loan Lender
AUBURNBANK
215 S 6TH ST
OPELIKA, AL 36801
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
2/16/2007
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 borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 30 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Auburnbank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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:
Startup Funding Tip
Who Lends Money to Small Businesses in Opelika, Alabama
Where to Get an SBA Loan Alabama