Full-Service Restaurants Bank Loans

Looking for bank loans for full-service restaurants? An SBA loan may be just what you've been looking for. This $56,300 full-service restaurants loan was issued by a Wyoming bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First State Bank, out of Torrington, Wyoming. The loan was granted and they received $56,300 to help grow their Fort Laramie, Wyoming business.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
FORT LARAMIE, WY 82212

SBA Loan Lender

FIRST STATE BANK
1410 E VALLEY HWY 26
TORRINGTON, WY 82240

This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/14/2006

Loan Approval Gross Amount

$56,300

Loan Approval from the SBA

Of the total $56,300 loan amount, the SBA guaranteed $28,150.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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. The loan application indicated that the loan would help retain 2 existing jobs.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Strategic Investors

SBA Participating Banks in Torrington, Wyoming

Wyoming SBA Bank Lenders