Get an SBA Loan for Full-Service Restaurants

With these small business loans for full-service restaurants, the SBA guarantees the lender that the loan will be repaid. This full-service restaurants loan for $716,500 was given to a Florida entrepreneur in 2000.

This company knew how to go about getting a business bank loan. Based in Port Charlotte, Florida, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Busey Bank, based in Fort Myers, Florida.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
PORT CHARLOTTE, FL 33952

SBA Loan Lender

BUSEY BANK
7980 SUMMERLIN LAKES DRIVE
FORT MYERS, FL 33907

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

9/7/2000

Loan Approval Gross Amount

$716,500

Loan Approval from the SBA

Of the total $716,500 loan amount, the SBA guaranteed $537,375.

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 25 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We can help you find the best banks for small businesses in Port Charlotte or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Obtaining Funding From a Venture Capitalist

Find an SBA Lender in Fort Myers, Florida

Florida SBA Bank Lenders