Raising Money for Caterers

Looking for business loans for caterers? Talk to a banker who works with the SBA. This $41,900 caterers loan was issued by an Idaho bank.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with D. L. Evans Bank, out of Burley, Idaho. The loan was granted and they received $41,900 to help grow their Boise, Idaho business.

SBA Loan Borrower

COMPANY TYPE: CATERERS
BOISE, ID 83703

SBA Loan Lender

D. L. EVANS BANK
397 N OVERLAND AVE
BURLEY, ID 83318

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722320 - Caterers

Loan Approval Date

3/29/2005

Loan Approval Gross Amount

$41,900

Loan Approval from the SBA

Of the total $41,900 loan amount, the SBA guaranteed $35,615.

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 8 employees. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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 D. L. Evans Bank 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 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:

Small Business Credit Cards

SBA Participating Banks in Burley, Idaho

Idaho SBA 7A Lenders