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November 24, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > San Diego, Business Loans > U.S. Bank National Association San Diego Business Loans > Eating Places Loan | ||||
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U.S. Bank National Association Small Business Loan
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SBA Loans for Limited-Service RestaurantsWith these SBA loans for limited-service restaurants, the SBA guarantees the lender that the loan will be repaid. This limited-service restaurants loan for $229,500 was given to an Ohio entrepreneur in 2006. Getting a small business loan in Forest Park, Ohio was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from U.S. Bank National Association, operating out of San Diego, California. Here are the details on this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/23/2006 Loan Approval Gross Amount $229,500 Loan Approval from the SBA Of the total $229,500 loan amount, the SBA guaranteed $172,125. 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 30 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $229,500 loan. Remember, where there is a will, there is a way! 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: Find an SBA Lender in San Diego, California
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