Where to Get Capital for Full-Service Restaurants

Looking for SBA loans for full-service restaurants? Try the SBA. This $1,235,000 full-service restaurants loan was issued by a Louisiana bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Shreveport, Louisiana was able to borrow $1,235,000 from Citizens National Bank. The SBA made the loan possible by guaranteeing $926,250 of this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
SHREVEPORT, LA 71105

SBA Loan Lender

CITIZENS NATIONAL BANK
1545 E 70TH ST
SHREVEPORT, LA 71105

This business 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.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/30/2004

Loan Approval Gross Amount

$1,235,000

Loan Approval from the SBA

Of the total $1,235,000 loan amount, the SBA guaranteed $926,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Shreveport LA, you ought to talk with a local Shreveport SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Shreveport businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Citizens National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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