Loan Census Banking News and Information
December 21, 2024  
 
 
  Business Loan Information  
 

Cedarstone Bank SBA Loans

 

 
Loan Census SBA Loan Info

Small Business Loans for Full-Service Restaurants

With these small business loans for full-service restaurants, the SBA guarantees the lender that the loan will be repaid. This full-service restaurants loan for $100,000 was given to a Tennessee entrepreneur in 2007.

This small firm knew how to go about getting a business bank loan. Based in Mt. Juliet, Tennessee, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Cedarstone Bank, based in Mount Juliet, Tennessee.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
MT. JULIET, TN 37122

SBA Loan Lender

CEDARSTONE BANK
1499 N MT JULIET RD
MOUNT JULIET, TN 37122

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/10/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $100,000. How would you spend $100,000 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.

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