Full-Service Restaurants Commercial Loans

With these commercial loans for full-service restaurants, the SBA guarantees the lender that the loan will be repaid. This full-service restaurants loan for $144,000 was given to a Missouri entrepreneur in 2003.

This small business knew how to go about getting a business bank loan. Based in Hannibal, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Hnb National Bank, based in Hannibal, Missouri.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
HANNIBAL, MO 63459

SBA Loan Lender

HNB NATIONAL BANK
100 N MAIN ST
HANNIBAL, MO 63401

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

3/13/2003

Loan Approval Gross Amount

$144,000

Loan Approval from the SBA

Of the total $144,000 loan amount, the SBA guaranteed $72,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help create 10 new jobs.

Start the Process for Getting an SBA Loan Today!

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

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Hnb National 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:

Business Incubators

Best Banks in Hannibal, Missouri

Getting an SBA Loan in Missouri