Business Loans for Limited-Service Restaurants

Looking for business loans for limited-service restaurants? Talk to a banker who works with the SBA. This $300,400 limited-service restaurants loan was issued by a Louisiana bank.

This small business knew how to go about getting a business bank loan. Based in Baton Rouge, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Wilshire Louisiana Bidco, LLC, based in Baton Rouge, Louisiana.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
BATON ROUGE, LA 70810

SBA Loan Lender

WILSHIRE LOUISIANA BIDCO, LLC
8752 QUARTERS LAKE ROAD, SUIT
BATON ROUGE, LA 70809

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/21/2006

Loan Approval Gross Amount

$300,400

Loan Approval from the SBA

Of the total $300,400 loan amount, the SBA guaranteed $225,300.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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