Loan Census Banking News and Information
May 25, 2024  
  Business Loan Information  

Florida Small Business Funding


Loan Census SBA Loan Info

Limited-Service Restaurants Commercial Loans

Looking for commercial loans for limited-service restaurants? An SBA loan may be just what you've been looking for. This $118,200 limited-service restaurants loan was issued by a Florida bank.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Hancock Bank Of Florida, out of Tallahassee, Florida. The loan was granted and they received $118,200 to help grow their Tallahassee, Florida business.

SBA Loan Borrower


SBA Loan Lender


This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places


722211 - Limited-Service Restaurants

Loan Approval Date


Loan Approval Gross Amount


Loan Approval from the SBA

Of the total $118,200 loan amount, the SBA guaranteed $100,470.

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 25 employees. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $118,200. How would you spend $118,200 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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 news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. 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:

VC Firms on Twitter

SBA 7A Banks for Tallahassee, Florida Loans

Getting a Business Loan in Florida