How to Get a Loan for Full-Service Restaurants

Looking for commercial loans for full-service restaurants? Try the SBA. This $5,300 full-service restaurants loan was issued by a Louisiana bank.

This small business knew how to go about getting a business bank loan. Based in Minden, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Citizens Bank & Trust Company, based in Springhill, Louisiana.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
MINDEN, LA 71055

SBA Loan Lender

CITIZENS BANK & TRUST COMPANY
106 S MAIN ST
SPRINGHILL, LA 71075

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

1/4/2005

Loan Approval Gross Amount

$5,300

Loan Approval from the SBA

Of the total $5,300 loan amount, the SBA guaranteed $2,650.

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 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $5,300 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Debt Financing

SBA Approved Banks in Springhill, Louisiana

Getting an SBA Loan in Louisiana