SBA Loans for Full-Service Restaurants

Looking for SBA loans for full-service restaurants? The SBA may be the answer. This $500,000 full-service restaurants loan was issued by an Alabama bank.

This business knew how to go about getting a business bank loan. Based in Mandeville, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Regions Bank, based in Birmingham, Alabama.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
Mandeville, LA 70471

SBA Loan Lender

REGIONS BANK
417 NORTH 20TH ST
BIRMINGHAM, AL 35203

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/6/2007

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 200 employees. The SBA loan documents indicated that the loan would help generate 20 new jobs and retain 220 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Mandeville LA, you ought to talk with a local Mandeville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mandeville businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Regions Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Regions Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Obtaining Funding - How to Borrow Money

SBA 7A Banks in Birmingham, Alabama

Where to Get an SBA Loan Alabama