Commercial Loans for Limited-Service Restaurants

With these commercial loans for limited-service restaurants, the SBA guarantees the lender that the loan will be repaid. This limited-service restaurants loan for $193,764 was given to a Georgia entrepreneur in 2002.

This business knew how to go about getting a business bank loan. Based in Brunswick, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Suntrust Bank, based in Saint Simons Island, Georgia.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
BRUNSWICK, GA 31525

SBA Loan Lender

SUNTRUST BANK
2203 DEMERE RD
SAINT SIMONS ISLAND, GA 31522

This loan for a small business 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

2/19/2002

Loan Approval Gross Amount

$193,764

Loan Approval from the SBA

Of the total $193,764 loan amount, the SBA guaranteed $145,323.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Suntrust Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Suntrust Bank 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:

Investor Turnoffs

SBA 7A Banks for Saint Simons Island, Georgia Loans

Getting a Business Loan in Georgia