Financing for Limited-Service Restaurants

With these loans for limited-service restaurants, the SBA guarantees the lender that the loan will be repaid. This limited-service restaurants loan for $286,500 was given to an Ohio entrepreneur in 2006.

This small firm knew how to go about getting a business bank loan. Based in Hamilton, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Sutton Bank, based in Attica, Ohio.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
HAMILTON, OH 45011

SBA Loan Lender

SUTTON BANK
1 S MAIN ST
ATTICA, OH 44807

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

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

8/24/2006

Loan Approval Gross Amount

$286,500

Loan Approval from the SBA

Of the total $286,500 loan amount, the SBA guaranteed $214,875.

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. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Obtaining Funding From a Venture Capitalist

Small Business Banks in Attica, Ohio

SBA Lenders in Ohio