Limited-Service Restaurants Business Loans

Looking for business loans for limited-service restaurants? An SBA loan may be just what you've been looking for. This $13,000 limited-service restaurants loan was issued by an Oklahoma bank.

La Pasadita Store And Restaura knew how to go about getting a business bank loan. Based in Altus, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Nbanc, based in Tulsa, Oklahoma.

SBA Loan Borrower

LA PASADITA STORE AND RESTAURA
ROUTE 1, BOX 344
ALTUS, OK 73521

SBA Loan Lender

NBANC
7127 S RIVERSIDE DR
TULSA, OK 74136

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

722211 - Limited-Service Restaurants

Loan Approval Date

9/11/2002

Loan Approval Gross Amount

$13,000

Loan Approval from the SBA

Of the total $13,000 loan amount, the SBA guaranteed $11,050.

More Information on This SBA Loan

The borrower, La Pasadita Store And Restaura, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 9/30/2005.

Next Steps for Getting an SBA Loan

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Nbanc and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

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SBA Approved Banks in Tulsa, Oklahoma

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