Get an SBA Loan for Full-Service Restaurants

With these loans for full-service restaurants, the SBA guarantees the lender that the loan will be repaid. This full-service restaurants loan for $270,100 was given to an Arkansas entrepreneur in 2005.

This company knew how to go about getting a business bank loan. Based in North Little Rock, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Natl Bank - Arkansas In No. Litt, based in North Little Rock, Arkansas.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
NORTH LITTLE ROCK, AR 72116

SBA Loan Lender

NATL BANK - ARKANSAS IN NO. LITT
4004 MCCAIN BLVD
NORTH LITTLE ROCK, AR 72116

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/16/2005

Loan Approval Gross Amount

$270,100

Loan Approval from the SBA

Of the total $270,100 loan amount, the SBA guaranteed $202,575.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 32 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Natl Bank - Arkansas In No. Litt and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Role of Business Plan When Raising Money

Find an SBA Lender in North Little Rock, Arkansas

SBA Participating Banks in Arkansas