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December 22, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > East Greenwich, Business Loans > Independence Bank East Greenwich Business Loans > Eating Places Loan | ||||
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Raising Money in Chandler, Arizona With SBA Loans
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Getting an SBA Loan for Limited-Service RestaurantsLooking for commercial loans for limited-service restaurants? An SBA loan may be just what you've been looking for. This $121,000 limited-service restaurants loan was issued by a Rhode Island bank. This business knew how to go about getting a business bank loan. Based in Chandler, Arizona, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Independence Bank, based in East Greenwich, Rhode Island. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender INDEPENDENCE BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 1/14/2003 Loan Approval Gross Amount $121,000 Loan Approval from the SBA Of the total $121,000 loan amount, the SBA guaranteed $102,850. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. The loan application did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Family and Friend Investors - Your First Financiers Who Lends Money to Small Businesses in East Greenwich, Rhode Island
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