How to Get a Loan for Limited-Service Restaurants

Looking for SBA loans for limited-service restaurants? Try the SBA. This $40,000 limited-service restaurants loan was issued by a New York bank.

Getting a small business loan in Bay Shore, New York was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Astoria Fed. S & L Association, operating out of Lake Success, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
BAY SHORE, NY 11706

SBA Loan Lender

ASTORIA FED. S & L ASSOCIATION
ONE ASTORIA FEDERAL PLZ
LAKE SUCCESS, NY 11042

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/6/2005

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $20,000.

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 8 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 10 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Bay Shore NY, you ought to talk with a local Bay Shore SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bay Shore businesses.

We can help you find the best banks for small businesses in Bay Shore or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

The Friends and Family Network

Best Lake Success, New York Banks for Small Business

Getting a Business Loan in New York