Full-Service Restaurants Small Business Loans

Looking for small business loans for full-service restaurants? Talk to a banker who works with the SBA. This $104,000 full-service restaurants loan was issued by a Wisconsin bank.

This company knew how to go about getting a business bank loan. Based in Stevens Point, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was The Pineries Bank, based in Stevens Point, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
STEVENS POINT, WI 54481

SBA Loan Lender

THE PINERIES BANK
3601 MAIN ST
STEVENS POINT, WI 54481

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

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

10/3/2002

Loan Approval Gross Amount

$104,000

Loan Approval from the SBA

Of the total $104,000 loan amount, the SBA guaranteed $88,400.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

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

If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Pineries Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Obtaining Funding From a Venture Capitalist

Where to Get an SBA Loan in Stevens Point, Wisconsin

Wisconsin SBA 7A Lenders