Raising Money for Limited-Service Restaurants

With these business loans for limited-service restaurants, the SBA guarantees the lender that the loan will be repaid. This limited-service restaurants loan for $567,545 was given to an Oregon entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Portland, Oregon was able to borrow $567,545 from The Cowlitz Bank. The SBA made the loan possible by guaranteeing $425,659 of this Oregon small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
PORTLAND, OR 97225

SBA Loan Lender

THE COWLITZ BANK
1001 SW 5TH, STE 250
PORTLAND, OR 97204

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

722211 - Limited-Service Restaurants

Loan Approval Date

11/21/2003

Loan Approval Gross Amount

$567,545

Loan Approval from the SBA

Of the total $567,545 loan amount, the SBA guaranteed $425,659.

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 10 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Advice on Getting a Small Business Loan

SBA Participating Banks in Portland, Oregon

Oregon SBA Banks