Full-Service Restaurants Business Loans

Looking for business loans for full-service restaurants? An SBA loan may be just what you've been looking for. This $73,100 full-service restaurants loan was issued by a Washington bank.

This business knew how to go about getting a business bank loan. Based in Colfax, Washington, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Bank Of Fairfield, based in Spangle, Washington.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
COLFAX, WA 99111

SBA Loan Lender

BANK OF FAIRFIELD
1ST & ROCK STS
SPANGLE, WA 99031

At the time this loan was granted, this bank participated in the SBA's Certified Lenders Program (CLP). This program was created to offer rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/5/2002

Loan Approval Gross Amount

$73,100

Loan Approval from the SBA

Of the total $73,100 loan amount, the SBA guaranteed $62,135.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The SBA loan documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Colfax WA, you ought to talk with a local Colfax SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Colfax businesses.

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:

Realistic Debt Financing Options

Where to Get an SBA Loan in Spangle, Washington

Washington SBA 7A Lenders