Where to Get Capital for Full-Service Restaurants

Looking for small business loans for full-service restaurants? The SBA may be the answer. This $55,000 full-service restaurants loan was issued by an Indiana bank.

This company knew how to go about getting a business bank loan. Based in Frankfort, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Lincoln Bank, based in Crawfordsville, Indiana.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
FRANKFORT, IN 46041

SBA Loan Lender

LINCOLN BANK
134 S WASHINGTON ST
CRAWFORDSVILLE, IN 47933

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/29/2005

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Small Business Loan

Small Bank Loans in Crawfordsville, Indiana

SBA Indiana Banks