Full-Service Restaurants Business Loans

Looking for business loans for full-service restaurants? Try the SBA. This $316,250 full-service restaurants loan was issued by a Florida bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First American Bank, out of Fort Myers, Florida. The loan was granted and they received $316,250 to help grow their Omaha, Nebraska business.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
OMAHA, NE 68183

SBA Loan Lender

FIRST AMERICAN BANK
12730 NEW BRITTANY BLVD
FORT MYERS, FL 33907

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

4/5/2006

Loan Approval Gross Amount

$316,250

Loan Approval from the SBA

Of the total $316,250 loan amount, the SBA guaranteed $237,187.

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 50 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First American Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Debt Financing

Small Bank Loans in Fort Myers, Florida

Browse All Business Loan Sources for Florida