Raising Money for Full-Service Restaurants

Looking for bank loans for full-service restaurants? The SBA may be the answer. This $150,000 full-service restaurants loan was issued by a Colorado bank.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Premier Members Fcu, out of Boulder, Colorado. The loan was granted and they received $150,000 to help grow their Berthoud, Colorado business.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
BERTHOUD, CO 80513

SBA Loan Lender

PREMIER MEMBERS FCU
5495 ARAPAHOE AVE
BOULDER, CO 80303

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

6/29/2006

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Premier Members Fcu 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:

Business Credit Evaluation

Best Boulder, Colorado Banks for Small Business

Browse All Business Loan Sources for Colorado