Commercial Loans for Full-Service Restaurants

Looking for commercial loans for full-service restaurants? The SBA may be the answer. This $185,124 full-service restaurants loan was issued by an Arizona bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mesa, Arizona was able to borrow $185,124 from Meridian Bank. The SBA made the loan possible by guaranteeing $138,843 of this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
MESA, AZ 85204

SBA Loan Lender

MERIDIAN BANK
3550 N CENTRAL AVE, STE 150
PHOENIX, AZ 85012

This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

11/28/2001

Loan Approval Gross Amount

$185,124

Loan Approval from the SBA

Of the total $185,124 loan amount, the SBA guaranteed $138,843.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 18 employees. The loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $185,124. How would you spend $185,124 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:

Famous Venture Capitalists

Small Business Banks in Phoenix, Arizona

SBA Arizona Banks