Full-Service Restaurants Bank Loans

Looking for bank loans for full-service restaurants? Talk to a banker who works with the SBA. This $125,000 full-service restaurants loan was issued by an Illinois bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Bank - Jacksonville A Division, out of Jacksonville, Illinois. The loan was granted and they received $125,000 to help grow their Jacksonville, Illinois business.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
JACKSONVILLE, IL 62650

SBA Loan Lender

BANK - JACKSONVILLE A DIVISION
1701 W MORTON AVE
JACKSONVILLE, IL 62650

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

9/26/2005

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $125,000 loan. Remember, you control your own destiny.

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.

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