Getting an SBA Loan for Limited-Service Restaurants
Looking for commercial loans for limited-service restaurants? Try the SBA. This $202,100 limited-service restaurants loan was issued by a Nebraska bank.
This business knew how to go about getting a business bank loan. Based in Wayne, Nebraska, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was St. National Bank & Trust, based in Wayne, Nebraska.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
WAYNE, NE 68787
SBA Loan Lender
ST. NATIONAL BANK & TRUST
122 MAIN ST
WAYNE, NE 68787
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.
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
10/19/2006
Loan Approval Gross Amount
$202,100
Loan Approval from the SBA
Of the total $202,100 loan amount, the SBA guaranteed $151,575.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. The loan application did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.
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:
Microlending as a Small Business Funding Source
SBA 7A Banks for Wayne, Nebraska Loans
Nebraska SBA 7A Banks