Full-Service Restaurants Business Loans
Looking for business loans for full-service restaurants? Talk to a banker who works with the SBA. This $597,000 full-service restaurants loan was issued by a Kansas bank.
This small business knew how to go about getting a business bank loan. Based in Overland Park, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Bank Of Blue Valley, based in Overland Park, Kansas.
SBA Loan Borrower
COMPANY TYPE: DRINKING PLACES
OVERLAND PARK, KS 66223
SBA Loan Lender
BANK OF BLUE VALLEY
11935 RILEY ST
OVERLAND PARK, KS 66213
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
5813 - Drinking Places
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
11/1/2004
Loan Approval Gross Amount
$597,000
Loan Approval from the SBA
Of the total $597,000 loan amount, the SBA guaranteed $447,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 24 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $597,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
Financing Your Business
Best Banks for Small Business in Overland Park, Kansas
SBA Lenders in Kansas