Business Loans for Full-Service Restaurants

With these business loans for full-service restaurants, the SBA guarantees the lender that the loan will be repaid. This full-service restaurants loan for $41,200 was given to an Indiana entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in East Chicago, Indiana was able to borrow $41,200 from Centier Bank. The SBA made the loan possible by guaranteeing $32,960 of this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
EAST CHICAGO, IN 46312

SBA Loan Lender

CENTIER BANK
1500 119TH ST
WHITING, IN 46394

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

12/22/2000

Loan Approval Gross Amount

$41,200

Loan Approval from the SBA

Of the total $41,200 loan amount, the SBA guaranteed $32,960.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in East Chicago or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Getting a Small Business Loan

Banks in Whiting, Indiana

SBA Indiana Banks