Getting an SBA Loan for Full-Service Restaurants

Looking for commercial loans for full-service restaurants? Try the SBA. This $41,750 full-service restaurants loan was issued by an Ohio bank.

Getting a small business loan in Jefferson, Ohio was important for this business back in 2008 and, based on their loan application, they were successful in getting an SBA loan from Andover Bank, operating out of Andover, Ohio. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
JEFFERSON, OH 44047

SBA Loan Lender

ANDOVER BANK
19 PUBLIC SQ
ANDOVER, OH 44003

This commercial 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.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

1/3/2008

Loan Approval Gross Amount

$41,750

Loan Approval from the SBA

Of the total $41,750 loan amount, the SBA guaranteed $35,487.

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 6 employees. The SBA loan application for the borrower indicated that the borrowed money would help generate 6 new jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $41,750. How would you spend $41,750 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Choosing VC Firms

SBA 7A Lenders in Andover, Ohio

Getting an SBA Loan in Ohio