Full-Service Restaurants SBA Loans

Looking for SBA loans for full-service restaurants? Talk to a banker who works with the SBA. This $30,000 full-service restaurants loan was issued by an Iowa bank.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with United Bank Of Iowa, out of Churdan, Iowa. The loan was granted and they received $30,000 to help grow their Churdan, Iowa business.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
CHURDAN, IA 50050

SBA Loan Lender

UNITED BANK OF IOWA
600 HEAD ST
CHURDAN, IA 50050

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/18/2005

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. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Churdan IA, you ought to talk with a local Churdan SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Churdan businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Related Links:

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SBA 7A Lenders in Churdan, Iowa

Getting an SBA Loan in Iowa