Business Loans for Full-Service Restaurants

With these business loans for full-service restaurants, the SBA guarantees the lender that the loan will be repaid. This full-service restaurants loan for $214,725 was given to a Wisconsin entrepreneur in 2006.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Johnson Bank, out of Racine, Wisconsin. The loan was granted and they received $214,725 to help grow their Pewaukee, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
PEWAUKEE, WI 53072

SBA Loan Lender

JOHNSON BANK
555 MAIN ST
RACINE, WI 53403

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending 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

4/13/2006

Loan Approval Gross Amount

$214,725

Loan Approval from the SBA

Of the total $214,725 loan amount, the SBA guaranteed $161,044.

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 20 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Pewaukee WI, you ought to talk with a local Pewaukee SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pewaukee businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Johnson Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Johnson 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:

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SBA Approved Banks in Racine, Wisconsin

Getting a Business Loan in Wisconsin