Loan Census Banking News and Information
December 20, 2024  
 
 
  Business Loan Information  
 

Superior Financial Group, LLC

 

 
Loan Census SBA Loan Info

Superior Financial Group, LLC SBA Loan to Caterers Company

An SBA loan from Superior Financial Group, LLC typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Kill Devil Hills, North Carolina business owner got a $12,500 loan.

This growing company knew how to go about getting a business bank loan. Based in Kill Devil Hills, North Carolina, they applied for and received an SBA-guaranteed loan in 2008. The lending bank was Superior Financial Group, LLC, based in Walnut Creek, California.

SBA Loan Borrower

COMPANY TYPE: CATERERS
KILL DEVIL HILLS, NC 27948

SBA Loan Lender

SUPERIOR FINANCIAL GROUP, LLC
165 LENNON LANE, SUITE 101
WALNUT CREEK, CA 94598

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

1/24/2008

Loan Approval Gross Amount

$12,500

Loan Approval from the SBA

Of the total $12,500 loan amount, the SBA guaranteed $10,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Superior Financial Group, LLC 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 - Friends and Family

Small Bank Loans in Walnut Creek, California

Getting a Business Loan in California