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 $65,000 was given to a New Mexico entrepreneur in 2003.

This company knew how to go about getting a business bank loan. Based in Ruidoso, New Mexico, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was State National Bank, based in Ruidoso, New Mexico.

SBA Loan Borrower

COMPANY TYPE: CATERERS
RUIDOSO, NM 88345

SBA Loan Lender

STATE NATIONAL BANK
1710 SUDDERTH DR
RUIDOSO, NM 88345

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722320 - Caterers

Loan Approval Date

5/14/2003

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $65,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Alternative Financing

SBA 7A Banks for Ruidoso, New Mexico Loans

SBA Lenders in New Mexico