Small Business Loans for Limited-Service Restaurants

Looking for small business loans for limited-service restaurants? The SBA may be the answer. This $120,000 limited-service restaurants loan was issued by a Nevada bank.

Getting a small business loan in Pahrump, Nevada was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Red Rock Community Bank, operating out of Las Vegas, Nevada. Here are the details on this Nevada small business loan.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
PAHRUMP, NV 89048

SBA Loan Lender

RED ROCK COMMUNITY BANK
10000 W CHARLESTON BLVD, STE
LAS VEGAS, NV 89135

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/25/2007

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

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 no employees. This SBA loan request indicated that the funding would help create 12 new jobs.

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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Red Rock Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Red Rock Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Microlending as a Small Business Funding Source

SBA Approved Banks in Las Vegas, Nevada

Getting an SBA Loan in Nevada