Financing for Caterers

With these commercial loans for caterers, the SBA guarantees the lender that the loan will be repaid. This caterers loan for $150,000 was given to a Nebraska entrepreneur in 2004.

This business knew how to go about getting a business bank loan. Based in Omaha, Nebraska, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Great Western Bank, based in Omaha, Nebraska.

SBA Loan Borrower

COMPANY TYPE: CATERERS
OMAHA, NE 68104

SBA Loan Lender

GREAT WESTERN BANK
6015 NW RADIAL HWY
OMAHA, NE 68104

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722320 - Caterers

Loan Approval Date

4/22/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 29 employees. The SBA loan documents indicated that the loan would help generate 25 new jobs and retain 54 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, things become real when you believe you can achieve them!

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:

Financing Your Business

SBA 7A Lenders in Omaha, Nebraska

SBA Lenders in Nebraska