SBA Loans for Full-Service Restaurants

Looking for SBA loans for full-service restaurants? The SBA may be the answer. This $320,316 full-service restaurants loan was issued by a Massachusetts bank.

This small business knew how to go about getting a business bank loan. Based in Lee, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Greylock Fcu, based in Pittsfield, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
LEE, MA 01238

SBA Loan Lender

GREYLOCK FCU
150 WEST ST
PITTSFIELD, MA 01201

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/30/2004

Loan Approval Gross Amount

$320,316

Loan Approval from the SBA

Of the total $320,316 loan amount, the SBA guaranteed $240,237.

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 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Greylock Fcu are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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SBA Banks in Pittsfield, Massachusetts

Find an SBA Lender in Massachusetts