Where to Get Capital for Full-Service Restaurants

With these small business loans for full-service restaurants, the SBA guarantees the lender that the loan will be repaid. This full-service restaurants loan for $300,000 was given to a Connecticut entrepreneur in 2006.

This company knew how to go about getting a business bank loan. Based in Stratford (town Of), Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Fairfield County Bank Corp, based in Ridgefield, Connecticut.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
STRATFORD (TOWN OF), CT 06615

SBA Loan Lender

FAIRFIELD COUNTY BANK CORP
374 MAIN ST
RIDGEFIELD, CT 06877

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/17/2006

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 25 employees. The loan application indicated that the funding would help create 25 new jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Alternative Financing

SBA Participating Banks in Ridgefield, Connecticut

SBA Lenders in Connecticut