Raising Money for Full-Service Restaurants
Looking for bank loans for full-service restaurants? The SBA may be the answer. This $378,000 full-service restaurants loan was issued by a Florida bank.
Getting a small business loan in Charlotte, North Carolina was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Business Loan Center, LLC, operating out of Panama City Beach, Florida. Here are the details on this North Carolina small business loan.
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
CHARLOTTE, NC 28262
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
415 BECKRICH RD., STE 250
PANAMA CITY BEACH, FL 32407
This business loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA provides a quick answer on whether the loan qualifies.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
8/17/2004
Loan Approval Gross Amount
$378,000
Loan Approval from the SBA
Of the total $378,000 loan amount, the SBA guaranteed $283,500.
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 only one employee. 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.
Getting an SBA Loan For Your Business
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Business Loan Center, LLC that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Accountant's Role in Securing Financing
Find an SBA Lender in Panama City Beach, Florida
Where to Get an SBA Loan Florida