Raising Money for Caterers

With these bank loans for caterers, the SBA guarantees the lender that the loan will be repaid. This caterers loan for $185,500 was given to a Kansas entrepreneur in 2007.

This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Corefirst Bank & Trust, out of Topeka, Kansas. The loan was granted and they received $185,500 to help grow their Mayetta, Kansas business.

SBA Loan Borrower

COMPANY TYPE: CATERERS
MAYETTA, KS 66509

SBA Loan Lender

COREFIRST BANK & TRUST
3035 S TOPEKA AVE
TOPEKA, KS 66611

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722320 - Caterers

Loan Approval Date

2/26/2007

Loan Approval Gross Amount

$185,500

Loan Approval from the SBA

Of the total $185,500 loan amount, the SBA guaranteed $92,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 12 employees. This SBA loan request indicated that the loan would help 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 firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Accountant's Role in Securing Financing

Small Business Banks in Topeka, Kansas

Kansas SBA Bank Lenders