Small Business Loans for Full-Service Restaurants

Looking for small business loans for full-service restaurants? Talk to a banker who works with the SBA. This $40,300 full-service restaurants loan was issued by an Iowa bank.

Getting a small business loan in Gladbrook, Iowa was important for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Lincoln Savings Bank, operating out of Garwin, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
GLADBROOK, IA 50635

SBA Loan Lender

LINCOLN SAVINGS BANK
230 MAIN ST
GARWIN, IA 50632

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

6/26/2000

Loan Approval Gross Amount

$40,300

Loan Approval from the SBA

Of the total $40,300 loan amount, the SBA guaranteed $32,240.

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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $40,300 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Debt Financing

Small Business Banks in Garwin, Iowa

Getting a Business Loan in Iowa