Where to Get Capital for Full-Service Restaurants

With these SBA loans for full-service restaurants, the SBA guarantees the lender that the loan will be repaid. This full-service restaurants loan for $1,592,800 was given to a Georgia entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hapeville, Georgia was able to borrow $1,592,800 from Comerica Bank. The SBA made the loan possible by guaranteeing $621,463 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
HAPEVILLE, GA 30269

SBA Loan Lender

COMERICA BANK
13915 BURNETT RD
AUSTIN, TX 78728

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/7/2000

Loan Approval Gross Amount

$1,592,800

Loan Approval from the SBA

Of the total $1,592,800 loan amount, the SBA guaranteed $621,463.

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 only one employee. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,592,800 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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

Small Bank Loans in Austin, Texas

Getting an SBA Loan in Texas