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November 14, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Caterers Loan | ||||
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Florida Small Business Funding
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Caterers Business LoansWith these business loans for caterers, the SBA guarantees the lender that the loan will be repaid. This caterers loan for $63,000 was given to a Florida entrepreneur in 2003. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with California Bank & Trust, out of Sacramento, California. The loan was granted and they received $63,000 to help grow their Miami, Florida business. SBA Loan Borrower COMPANY TYPE: CATERERS SBA Loan Lender CALIFORNIA BANK & TRUST 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 1/23/2003 Loan Approval Gross Amount $63,000 Loan Approval from the SBA Of the total $63,000 loan amount, the SBA guaranteed $31,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 11 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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 California Bank & Trust 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: How Much Venture Capital Is There? Best Sacramento, California Banks for Small Business
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