Raising Money for Full-Service Restaurants

Looking for bank loans for full-service restaurants? Try the SBA. This $143,207 full-service restaurants loan was issued by a Georgia bank.

This small firm knew how to go about getting a business bank loan. Based in Baxley, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Peoples State Bank & Trust, based in Baxley, Georgia.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
BAXLEY, GA 31513

SBA Loan Lender

PEOPLES STATE BANK & TRUST
72 E PARKER ST
BAXLEY, GA 31513

This lender issued this particular SBA bank 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.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

6/23/2003

Loan Approval Gross Amount

$143,207

Loan Approval from the SBA

Of the total $143,207 loan amount, the SBA guaranteed $121,725.

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 8 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Peoples State Bank & Trust 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:

Alternative Financing

SBA 7A Banks for Baxley, Georgia Loans

SBA Georgia Lenders