Raising Money for Full-Service Restaurants

Looking for bank loans for full-service restaurants? An SBA loan may be just what you've been looking for. This $92,000 full-service restaurants loan was issued by a North Dakota bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Cit. St. Bank - Finley, out of Northwood, North Dakota. The loan was granted and they received $92,000 to help grow their Thompson, North Dakota business.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
THOMPSON, ND 58278

SBA Loan Lender

CIT. ST. BANK - FINLEY
220 MAIN ST SOUTH
NORTHWOOD, ND 58267

This commercial 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

6/6/2006

Loan Approval Gross Amount

$92,000

Loan Approval from the SBA

Of the total $92,000 loan amount, the SBA guaranteed $46,000.

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. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Cit. St. Bank - Finley 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.

Related Links:

Financing Your Business

SBA Banks in Northwood, North Dakota

North Dakota SBA Bank Lenders