How to Get a Loan for Full-Service Restaurants

Looking for SBA loans for full-service restaurants? The SBA may be the answer. This $120,000 full-service restaurants loan was issued by a Pennsylvania bank.

This small business knew how to go about getting a business bank loan. Based in Moscow, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was First National Community Bank, based in Dunmore, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
MOSCOW, PA 18444

SBA Loan Lender

FIRST NATIONAL COMMUNITY BANK
102 E DRINKER ST
DUNMORE, PA 18512

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

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

5/25/2001

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

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 only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

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 $120,000 loan. Remember, things become real when you believe you can achieve them!

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.

Small Bank Loans in Dunmore, Pennsylvania

Pennsylvania SBA Bank Lenders

First National Community Bank Loans

How to Get a Loan for Full-Service Restaurants