Getting an SBA Loan for Full-Service Restaurants

Looking for commercial loans for full-service restaurants? An SBA loan may be just what you've been looking for. This $26,800 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 National City Bank, out of Herculaneum, Missouri. The loan was granted and they received $26,800 to help grow their Cedar Hill, Missouri business.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
CEDAR HILL, MO 63016

SBA Loan Lender

NATIONAL CITY BANK
100 SCENIC PLAZA DR
HERCULANEUM, MO 63048

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

3/26/2002

Loan Approval Gross Amount

$26,800

Loan Approval from the SBA

Of the total $26,800 loan amount, the SBA guaranteed $22,780.

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 9 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Cedar Hill MO, you ought to talk with a local Cedar Hill SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cedar Hill businesses.

We can help you find the best banks for small businesses in Cedar Hill 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:

Borrowing Money from Friends and Family

Where to Get an SBA Loan in Herculaneum, Missouri

Missouri SBA 7A Lenders