Limited-Service Restaurants Small Business Loans
Looking for small business loans for limited-service restaurants? Try the SBA. This $562,000 limited-service restaurants loan was issued by a California bank.
This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Wells Fargo Bank, out of San Jose, California. The loan was granted and they received $562,000 to help grow their Oakdale, Minnesota business.
SBA Loan Borrower
COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
OAKDALE, MN 55128
SBA Loan Lender
WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
9/26/2005
Loan Approval Gross Amount
$562,000
Loan Approval from the SBA
Of the total $562,000 loan amount, the SBA guaranteed $421,500.
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 only one employee. This SBA loan request indicated that the loan would help generate 45 new jobs and retain 1 existing job.
Next Steps for Getting an SBA Loan
If you are raising money in Oakdale MN, you ought to talk with a local Oakdale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Oakdale businesses.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Business Line of Credit
SBA 7A Banks for San Jose, California Loans
SBA Lenders in California