SBA Loans for Full-Service Restaurants

Looking for SBA loans for full-service restaurants? Talk to a banker who works with the SBA. This $121,750 full-service restaurants loan was issued by a Georgia bank.

Getting a small business loan in Opelika, Alabama was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Charterbank, operating out of West Point, Georgia. Here are the details on this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
OPELIKA, AL 36801

SBA Loan Lender

CHARTERBANK
1233 O.G. SKINNER DR
WEST POINT, GA 31833

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

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

11/21/2001

Loan Approval Gross Amount

$121,750

Loan Approval from the SBA

Of the total $121,750 loan amount, the SBA guaranteed $103,487.

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 only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

SBIR Funding

SBA 7A Banks for West Point, Georgia Loans

Georgia SBA 7A Lenders