Get an SBA Loan for Full-Service Restaurants

Looking for small business loans for full-service restaurants? The SBA may be the answer. This $370,000 full-service restaurants loan was issued by a Wisconsin bank.

This company knew how to go about getting a business bank loan. Based in Sauk City, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was M&i Marshall & Ilsley Bank, based in Middleton, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
SAUK CITY, WI 53583

SBA Loan Lender

M&I MARSHALL & ILSLEY BANK
7447 UNIVERSITY AVE
MIDDLETON, WI 53562

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to entrepreneurs who might have trouble getting a conventional bank 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

5/24/2001

Loan Approval Gross Amount

$370,000

Loan Approval from the SBA

Of the total $370,000 loan amount, the SBA guaranteed $277,500.

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 29 employees. The loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like M&i Marshall & Ilsley Bank and they will explain how you can get an SBA loan for your company.

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:

Small Business Credit Cards

Find an SBA Lender in Middleton, Wisconsin

SBA Lenders in Wisconsin