SBA Loans for Full-Service Restaurants

Looking for SBA loans for full-service restaurants? An SBA loan may be just what you've been looking for. This $75,000 full-service restaurants loan was issued by a Wisconsin bank.

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

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
LA CROSSE, WI 54601

SBA Loan Lender

PARK BANK
700 STATE ST
LA CROSSE, WI 54602

This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

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

8/26/2003

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Park Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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