Full-Service Restaurants Loans

Looking for loans for full-service restaurants? Talk to a banker who works with the SBA. This $1,341,000 full-service restaurants loan was issued by a Washington bank.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Fortune Bank, out of Seattle, Washington. The loan was granted and they received $1,341,000 to help grow their Seattle, Washington business.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
SEATTLE, WA 98108

SBA Loan Lender

FORTUNE BANK
1201 THIRD AVE, STE 700
SEATTLE, WA 98101

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/28/2007

Loan Approval Gross Amount

$1,341,000

Loan Approval from the SBA

Of the total $1,341,000 loan amount, the SBA guaranteed $1,005,750.

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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Seattle or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

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SBA Banks in Seattle, Washington

SBA Lenders in Washington