Limited-Service Restaurants Loans
Looking for loans for limited-service restaurants? An SBA loan may be just what you've been looking for. This $118,000 limited-service restaurants loan was issued by a New York bank.
This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Alliance Bank, out of Syracuse, New York. The loan was granted and they received $118,000 to help grow their Oneida, New York business.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
ONEIDA, NY 13421
SBA Loan Lender
ALLIANCE BANK
120 MADISON ST, AXA TOWER LL,
SYRACUSE, NY 13202
This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
6/3/2002
Loan Approval Gross Amount
$118,000
Loan Approval from the SBA
Of the total $118,000 loan amount, the SBA guaranteed $100,300.
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 15 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
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 business, the SBA has special programs for you. We've put a spotlight on this loan from Alliance 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:
Understanding Dilution
Small Business Banks in Syracuse, New York
Getting an SBA Loan in New York