Financing for Full-Service Restaurants

Looking for loans for full-service restaurants? The SBA may be the answer. This $324,848 full-service restaurants loan was issued by a Wisconsin bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Isb Community Bank, out of Ixonia, Wisconsin. The loan was granted and they received $324,848 to help grow their Watertown, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
WATERTOWN, WI 53094

SBA Loan Lender

ISB COMMUNITY BANK
W1046 MARIETTA AVE
IXONIA, WI 53036

This lender issued this SBA bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

5/3/2005

Loan Approval Gross Amount

$324,848

Loan Approval from the SBA

Of the total $324,848 loan amount, the SBA guaranteed $243,636.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 42 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Business Incubators

SBA Participating Banks in Ixonia, Wisconsin

SBA Participating Banks in Wisconsin