Small Business Loans for Limited-Service Restaurants

With these small business loans for limited-service restaurants, the SBA guarantees the lender that the loan will be repaid. This limited-service restaurants loan for $180,000 was given to a Tennessee entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Goodlettsville, Tennessee was able to borrow $180,000 from First State Bank. The SBA made the loan possible by guaranteeing $135,000 of this Tennessee small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
GOODLETTSVILLE, TN 37072

SBA Loan Lender

FIRST STATE BANK
300 NORTHCREEK BLVD
GOODLETTSVILLE, TN 37072

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

8/17/2004

Loan Approval Gross Amount

$180,000

Loan Approval from the SBA

Of the total $180,000 loan amount, the SBA guaranteed $135,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

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

If you want money for new small business in Goodlettsville TN, you ought to talk with a local Goodlettsville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Goodlettsville businesses.

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 $180,000 loan. Remember, feel the fear, and do it anyway.

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

Good Banks for Small Business in Goodlettsville, Tennessee

SBA Participating Banks in Tennessee