Financing for Limited-Service Restaurants

Looking for loans for limited-service restaurants? The SBA may be the answer. This $163,300 limited-service restaurants loan was issued by a Pennsylvania bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pottstown, Pennsylvania was able to borrow $163,300 from Sovereign Bank. The SBA made the loan possible by guaranteeing $122,475 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
POTTSTOWN, PA 19464

SBA Loan Lender

SOVEREIGN BANK
1130 BERKSHIRE BLVD
WYOMISSING, PA 19610

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/23/2002

Loan Approval Gross Amount

$163,300

Loan Approval from the SBA

Of the total $163,300 loan amount, the SBA guaranteed $122,475.

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 only one employee. The SBA loan application for the borrower indicated that the borrowed money would help create 7 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in Pottstown PA, you ought to talk with a local Pottstown SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pottstown businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Getting a Small Business Loan

Who Lends Money to Small Businesses in Wyomissing, Pennsylvania

SBA Pennsylvania Lenders