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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Kasson, Business Loans > Eastwood Bank Kasson Business Loans > Full-Service Restaurants Loan | ||||
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Tips for Small Businesses On Getting a Loan
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Loans for Full-Service RestaurantsLooking for loans for full-service restaurants? Try the SBA. This $105,000 full-service restaurants loan was issued by a Minnesota bank. This company knew how to go about getting a business bank loan. Based in Grand Meadow, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Eastwood Bank, based in Kasson, Minnesota. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender EASTWOOD BANK 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 12/20/2006 Loan Approval Gross Amount $105,000 Loan Approval from the SBA Of the total $105,000 loan amount, the SBA guaranteed $52,500. 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 4 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Eastwood Bank and they will explain how you can get an SBA loan for your company. 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 Kasson, Minnesota
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