Bowling Centers Small Business Loans

Looking for small business loans for bowling centers? An SBA loan may be just what you've been looking for. This $270,000 bowling centers loan was issued by an Oregon bank.

Getting a small business loan in Newport News, Virginia was important for Classic Lanes, Inc. back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Capital Pacific Bank, operating out of Portland, Oregon. Here are the details on this Virginia small business loan.

SBA Loan Borrower

CLASSIC LANES, INC.
630 79TH STREET
NEWPORT NEWS, VA 23605

SBA Loan Lender

CAPITAL PACIFIC BANK
805 SW BROADWAY, STE 780
PORTLAND, OR 97205

This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7933 - Bowling Centers

NAICS Code

713950 - Bowling Centers

Loan Approval Date

10/5/2004

Loan Approval Gross Amount

$270,000

Loan Approval from the SBA

Of the total $270,000 loan amount, the SBA guaranteed $202,500.

More Information on This SBA Loan

The borrower, Classic Lanes, Inc., borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 25 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Your solution for where to find money to start a business may be an SBA guaranteed loan. Classic Lanes, Inc. 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 SBA loan database.

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