Where to Get Capital for Full-Service Restaurants

Looking for SBA loans for full-service restaurants? Try the SBA. This $131,000 full-service restaurants loan was issued by a Nebraska bank.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First State Bank, out of Yutan, Nebraska. The loan was granted and they received $131,000 to help grow their Yutan, Nebraska business.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
YUTAN, NE 68073

SBA Loan Lender

FIRST STATE BANK
515 2ND ST
YUTAN, NE 68073

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/27/2005

Loan Approval Gross Amount

$131,000

Loan Approval from the SBA

Of the total $131,000 loan amount, the SBA guaranteed $111,350.

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 only one employee. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Yutan 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.

Related Links:

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Good Banks for Small Business in Yutan, Nebraska

Where to Get an SBA Loan Nebraska