Full-Service Restaurants SBA Loans
Looking for SBA loans for full-service restaurants? The SBA may be the answer. This $40,000 full-service restaurants loan was issued by a Texas bank.
This small business knew how to go about getting a business bank loan. Based in Bartup, Texas, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First National Bank, based in Bastrop, Texas.
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
BARTUP, TX 78602
SBA Loan Lender
FIRST NATIONAL BANK
489 HWY 71 WEST
BASTROP, TX 78602
This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
1/28/2004
Loan Approval Gross Amount
$40,000
Loan Approval from the SBA
Of the total $40,000 loan amount, the SBA guaranteed $34,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 20 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? 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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