Limited-Service Restaurants Business Loans
Looking for business loans for limited-service restaurants? An SBA loan may be just what you've been looking for. This $36,000 limited-service restaurants loan was issued by a Maine bank.
Getting a small business loan in Auburn, Maine was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Mechanics' Savings Bank, operating out of Auburn, Maine. Here are the details on this Maine small business loan.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
AUBURN, ME 04210
SBA Loan Lender
MECHANICS' SAVINGS BANK
100 MINOT AVE
AUBURN, ME 04210
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank 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
9/9/2003
Loan Approval Gross Amount
$36,000
Loan Approval from the SBA
Of the total $36,000 loan amount, the SBA guaranteed $30,600.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.
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Maine SBA 7A Banks