Raising Money for Full-Service Restaurants

Looking for business loans for full-service restaurants? An SBA loan may be just what you've been looking for. This $512,000 full-service restaurants loan was issued by a Wisconsin bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with River Cities Bank, out of Stevens Point, Wisconsin. The loan was granted and they received $512,000 to help grow their Marshfield, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
MARSHFIELD, WI 54449

SBA Loan Lender

RIVER CITIES BANK
5709 WINDY DR, STE A
STEVENS POINT, WI 54481

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.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/26/2006

Loan Approval Gross Amount

$512,000

Loan Approval from the SBA

Of the total $512,000 loan amount, the SBA guaranteed $384,000.

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 25 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees.

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

If you are wondering how to raise money for a company in Marshfield WI, you ought to talk with a local Marshfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Marshfield businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Related Links:

SBIR Funding

Where to Get an SBA Loan in Stevens Point, Wisconsin

Wisconsin SBA 7A Lenders