Getting an SBA Loan for Full-Service Restaurants

Looking for commercial loans for full-service restaurants? An SBA loan may be just what you've been looking for. This $95,500 full-service restaurants loan was issued by a Kentucky bank.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Kentucky Bank, out of Cynthiana, Kentucky. The loan was granted and they received $95,500 to help grow their Millerburg, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
MILLERBURG, KY 40361

SBA Loan Lender

KENTUCKY BANK
939 US HWY RTE 27 SOUTH
CYNTHIANA, KY 41031

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

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

1/3/2002

Loan Approval Gross Amount

$95,500

Loan Approval from the SBA

Of the total $95,500 loan amount, the SBA guaranteed $81,175.

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 4 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Millerburg KY, you ought to talk with a local Millerburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Millerburg businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $95,500 loan. Remember, anyone can do it... so why not 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:

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Good Banks for Small Business in Cynthiana, Kentucky

SBA Kentucky Banks