Full-Service Restaurants Loans

Looking for loans for full-service restaurants? Talk to a banker who works with the SBA. This $412,800 full-service restaurants loan was issued by a Maine bank.

Getting a small business loan in Presque Isle, Maine was important for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Katahdin Trust Co., operating out of Patten, Maine. Here are the details on this Maine small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
PRESQUE ISLE, ME 04769

SBA Loan Lender

KATAHDIN TRUST CO.
MAIN ST
PATTEN, ME 04765

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans to to our country's hard-working small business owners.

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

11/18/2005

Loan Approval Gross Amount

$412,800

Loan Approval from the SBA

Of the total $412,800 loan amount, the SBA guaranteed $309,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 90 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

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