Where to Get Capital for Limited-Service Restaurants

Looking for SBA loans for limited-service restaurants? An SBA loan may be just what you've been looking for. This $26,750 limited-service restaurants loan was issued by a Georgia bank.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Commercial Banking Company, out of Valdosta, Georgia. The loan was granted and they received $26,750 to help grow their Valdosta, Georgia business.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
VALDOSTA, GA 31602

SBA Loan Lender

COMMERCIAL BANKING COMPANY
3462 N VALDOSTA RD
VALDOSTA, GA 31602

This lender issued this particular 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

722211 - Limited-Service Restaurants

Loan Approval Date

9/25/2003

Loan Approval Gross Amount

$26,750

Loan Approval from the SBA

Of the total $26,750 loan amount, the SBA guaranteed $22,737.

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 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Commercial Banking Company had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Commercial Banking Company made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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 Valdosta, Georgia

SBA Participating Banks in Georgia