Financing for Caterers
Looking for commercial loans for caterers? Talk to a banker who works with the SBA. This $805,000 caterers loan was issued by a Washington bank.
This small business knew how to go about getting a business bank loan. Based in Auburn, Washington, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Columbia State Bank, based in Tacoma, Washington.
SBA Loan Borrower
COMPANY TYPE: CATERERS
Auburn, WA 98002
SBA Loan Lender
COLUMBIA STATE BANK
1301-A ST, STE 800
TACOMA, WA 98402
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722320 - Caterers
Loan Approval Date
12/7/2006
Loan Approval Gross Amount
$805,000
Loan Approval from the SBA
Of the total $805,000 loan amount, the SBA guaranteed $603,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 12 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 12 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
The Art of Bootstrapping
SBA 7A Banks in Tacoma, Washington
SBA Washington Lenders