Where to Get Capital for Limited-Service Restaurants

Looking for SBA loans for limited-service restaurants? The SBA may be the answer. This $650,000 limited-service restaurants loan was issued by a Georgia bank.

This small business knew how to go about getting a business bank loan. Based in Auburn, Washington, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Heritage Bank, based in Jonesboro, Georgia.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
AUBURN, WA 98092

SBA Loan Lender

HERITAGE BANK
101 N MAIN ST
JONESBORO, GA 30236

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/6/2007

Loan Approval Gross Amount

$650,000

Loan Approval from the SBA

Of the total $650,000 loan amount, the SBA guaranteed $487,500.

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 30 employees. This SBA loan request indicated that the borrowed money would help create 30 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are raising money in Auburn WA, 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.

This company got an SBA loan. You can too! Maybe you need seed money for a small 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.

Related Links:

SBIR Funding

Banks in Jonesboro, Georgia

SBA Lenders in Georgia