Getting an SBA Loan for Full-Service Restaurants

Looking for business loans for full-service restaurants? Try the SBA. This $30,000 full-service restaurants loan was issued by a Missouri bank.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Horizon State Bank, out of Cameron, Missouri. The loan was granted and they received $30,000 to help grow their Cameron, Missouri business.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
CAMERON, MO 64429

SBA Loan Lender

HORIZON STATE BANK
814 N WALNUT
CAMERON, MO 64429

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/24/2002

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Cameron MO, you ought to talk with a local Cameron SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cameron businesses.

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

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