How to Get a Loan for Limited-Service Restaurants

Looking for commercial loans for limited-service restaurants? The SBA may be the answer. This $1,301,400 limited-service restaurants loan was issued by a South Dakota bank.

This business received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with Wells Fargo Bank, out of Sioux Falls, South Dakota. The loan was granted and they received $1,301,400 to help grow their Wrightsville, Georgia business.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
Wrightsville, GA 31096

SBA Loan Lender

WELLS FARGO BANK
101 N PHILIPS AVE
SIOUX FALLS, SD 57104

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

2/5/2008

Loan Approval Gross Amount

$1,301,400

Loan Approval from the SBA

Of the total $1,301,400 loan amount, the SBA guaranteed $976,050.

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 indicated that the loan would help retain 3 existing jobs.

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

If you want money for new small business in Wrightsville GA, you ought to talk with a local Wrightsville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wrightsville businesses.

We can help you find the best banks for small businesses in Wrightsville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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