Get an SBA Loan for Full-Service Restaurants
Looking for small business loans for full-service restaurants? The SBA may be the answer. This $46,500 full-service restaurants loan was issued by a Washington bank.
This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Sterling Savings Bank, out of Spokane, Washington. The loan was granted and they received $46,500 to help grow their Grangeville, Idaho business.
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
GRANGEVILLE, ID 83530
SBA Loan Lender
STERLING SAVINGS BANK
111 N WALL ST, MAIL STOP #952
SPOKANE, WA 99201
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.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
1/22/2003
Loan Approval Gross Amount
$46,500
Loan Approval from the SBA
Of the total $46,500 loan amount, the SBA guaranteed $39,525.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 17 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Sterling Savings Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Financing Your Business
Banks in Spokane, Washington
SBA Lenders in Washington