Business Loans for Limited-Service Restaurants
Looking for business loans for limited-service restaurants? Try the SBA. This $135,000 limited-service restaurants loan was issued by an Utah bank.
This business knew how to go about getting a business bank loan. Based in Draper, Utah, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Webbank, based in Salt Lake City, Utah.
SBA Loan Borrower
COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
DRAPER, UT 84020
SBA Loan Lender
WEBBANK
6440 S WASATCH BLVD, STE 300
SALT LAKE CITY, UT 84121
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
10/4/2007
Loan Approval Gross Amount
$135,000
Loan Approval from the SBA
Of the total $135,000 loan amount, the SBA guaranteed $114,750.
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 indicated that the loan would help generate 30 new jobs and retain 5 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you are raising money in Draper UT, you ought to talk with a local Draper SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Draper businesses.
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:
Financing Your Business
Good Banks for Small Business in Salt Lake City, Utah
Utah SBA 7A Banks