Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Advice for Small Businesses On Getting a Loan

 

 
Loan Census SBA Loan Info

Where to Get Capital for Full-Service Restaurants

Looking for SBA loans for full-service restaurants? Talk to a banker who works with the SBA. This $307,550 full-service restaurants loan was issued by a California bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Mission National Bank, out of San Francisco, California. The loan was granted and they received $307,550 to help grow their San Rancisco, California business.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
SAN RANCISCO, CA 94129

SBA Loan Lender

MISSION NATIONAL BANK
3060 16TH ST
SAN FRANCISCO, CA 94103

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/18/2006

Loan Approval Gross Amount

$307,550

Loan Approval from the SBA

Of the total $307,550 loan amount, the SBA guaranteed $230,663.

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 35 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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Where to Get an SBA Loan California