Limited-Service Restaurants Commercial Loans

Looking for commercial loans for limited-service restaurants? Talk to a banker who works with the SBA. This $164,058 limited-service restaurants loan was issued by a Minnesota bank.

This small business knew how to go about getting a business bank loan. Based in Blaine, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Kleinbank, based in Maple Grove, Minnesota.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
BLAINE, MN 55434

SBA Loan Lender

KLEINBANK
11850 FOUNTAINS WAY
MAPLE GROVE, MN 55369

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/24/2004

Loan Approval Gross Amount

$164,058

Loan Approval from the SBA

Of the total $164,058 loan amount, the SBA guaranteed $123,044.

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 30 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels 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 important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Kleinbank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Kleinbank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

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Where to Get an SBA Loan in Maple Grove, Minnesota

Minnesota SBA 7A Lenders