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May 1, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > San Diego, Business Loans > U.S. Bank National Association San Diego Business Loans > Caterers Loan | ||||
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SBA Lender Richfield Minnesota
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Business Loans for CaterersLooking for business loans for caterers? Try the SBA. This $37,000 caterers loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Richfield, Minnesota was able to borrow $37,000 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $27,750 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: CATERERS SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This bank 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 12/15/2003 Loan Approval Gross Amount $37,000 Loan Approval from the SBA Of the total $37,000 loan amount, the SBA guaranteed $27,750. 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 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. 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 $37,000 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: Where to Get an SBA Loan in San Diego, California
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