Full-Service Restaurants SBA Loans

Looking for SBA loans for full-service restaurants? The SBA may be the answer. This $184,000 full-service restaurants loan was issued by a Texas bank.

This small business knew how to go about getting a business bank loan. Based in San Antonio, Texas, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Ozona National Bank, based in Ozona, Texas.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
SAN ANTONIO, TX 78210

SBA Loan Lender

OZONA NATIONAL BANK
503 11TH ST
OZONA, TX 76943

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

8/15/2002

Loan Approval Gross Amount

$184,000

Loan Approval from the SBA

Of the total $184,000 loan amount, the SBA guaranteed $138,000.

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 did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in San Antonio TX, you ought to talk with a local San Antonio SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San Antonio businesses.

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

Equity Financing

Banks in Ozona, Texas

Texas SBA Bank Lenders