Financing for Full-Service Restaurants

Looking for commercial loans for full-service restaurants? Try the SBA. This $62,000 full-service restaurants loan was issued by a New Hampshire bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First Colebrook Bank, out of Concord, New Hampshire. The loan was granted and they received $62,000 to help grow their Concord, New Hampshire business.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
CONCORD, NH 03301

SBA Loan Lender

FIRST COLEBROOK BANK
100 LOUDON RD
CONCORD, NH 03301

This debt financing 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

5/1/2006

Loan Approval Gross Amount

$62,000

Loan Approval from the SBA

Of the total $62,000 loan amount, the SBA guaranteed $52,700.

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 4 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? 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:

Obtaining Funding - Friends and Family

Find an SBA Lender in Concord, New Hampshire

New Hampshire SBA Banks