Loans for Limited-Service Restaurants

Looking for loans for limited-service restaurants? An SBA loan may be just what you've been looking for. This $250,000 limited-service restaurants loan was issued by a Maryland bank.

This company knew how to go about getting a business bank loan. Based in Fairfax Station (rr Name Fairf, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Provident Bank Of Maryland, based in Baltimore, Maryland.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
FAIRFAX STATION (RR NAME FAIRF, VA 22033

SBA Loan Lender

PROVIDENT BANK OF MARYLAND
114 E LEXINGTON ST
BALTIMORE, MD 21202

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/21/2004

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 25 employees. This SBA loan request indicated that the loan would help generate 25 new jobs and retain 25 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in Fairfax Station (rr Name Fairf VA, you ought to talk with a local Fairfax Station (rr Name Fairf SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fairfax Station (rr Name Fairf businesses.

We can help you find the best banks for small businesses in Fairfax Station (rr Name Fairf 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.

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