Borrowing Money for Caterers

With these bank loans for caterers, the SBA guarantees the lender that the loan will be repaid. This caterers loan for $25,000 was given to a New Jersey entrepreneur in 2007.

This small firm knew how to go about getting a business bank loan. Based in Mullica Hill, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Susquehanna Bank Dv, based in Bryn Mawr, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: CATERERS
Mullica Hill, NJ 08025

SBA Loan Lender

SUSQUEHANNA BANK DV
101 S BRYN MAWR AVE
BRYN MAWR, PA 19010

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

10/2/2007

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

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 no employees. The SBA loan documents indicated that the borrowed money would help create 4 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 Susquehanna Bank Dv 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:

Understanding Dilution

Find an SBA Lender in Bryn Mawr, Pennsylvania

Where to Get an SBA Loan Pennsylvania