Raising Money for Limited-Service Restaurants

Looking for business loans for limited-service restaurants? The SBA may be the answer. This $254,000 limited-service restaurants loan was issued by a Kansas bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Douglas County Bank, out of Lawrence, Kansas. The loan was granted and they received $254,000 to help grow their Lawrence, Kansas business.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
LAWRENCE, KS 66046

SBA Loan Lender

DOUGLAS COUNTY BANK
300 W 9TH
LAWRENCE, KS 66044

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/13/2005

Loan Approval Gross Amount

$254,000

Loan Approval from the SBA

Of the total $254,000 loan amount, the SBA guaranteed $190,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 44 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Lawrence KS, you ought to talk with a local Lawrence SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lawrence businesses.

This SBA loan was for $254,000. How would you spend $254,000 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.

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