Financing for Caterers

Looking for loans for caterers? The SBA may be the answer. This $15,000 caterers loan was issued by a Texas bank.

This small firm knew how to go about getting a business bank loan. Based in Bryan, Texas, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Woodforest National Bank, based in Houston, Texas.

SBA Loan Borrower

COMPANY TYPE: CATERERS
BRYAN, TX 77802

SBA Loan Lender

WOODFOREST NATIONAL BANK
13301 EAST FRWY
HOUSTON, TX 77015

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722320 - Caterers

Loan Approval Date

2/9/2006

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $12,750.

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 6 employees. The SBA loan documents indicated that the loan would help generate 9 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start business in Bryan TX, you ought to talk with a local Bryan SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bryan businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Woodforest National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Obtaining Funding - How to Borrow Money

Small Business Banks in Houston, Texas

SBA Texas Banks