Loans for Full-Service Restaurants

Looking for loans for full-service restaurants? Try the SBA. This $85,000 full-service restaurants loan was issued by a Virginia bank.

Getting a small business loan in Charlottesville, Virginia was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Provident Bank Of Maryland, operating out of Annandale, Virginia. Here are the details on this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
CHARLOTTESVILLE, VA 22902

SBA Loan Lender

PROVIDENT BANK OF MARYLAND
7857 HERITAGE DR
ANNANDALE, VA 22003

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.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

2/28/2002

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

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

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Obtaining Funding - Getting Venture Capital

Find an SBA Lender in Annandale, Virginia

SBA Lenders in Virginia