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April 19, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Wilmington, Business Loans > Lehman Brothers Bank, Fsb Wilmington Business Loans > Caterers Loan | ||||
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Examples of Batavia SBA Loans
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Where to Get Capital for CaterersLooking for small business loans for caterers? An SBA loan may be just what you've been looking for. This $342,000 caterers loan was issued by a Delaware bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Batavia, New York was able to borrow $342,000 from Lehman Brothers Bank, Fsb. The SBA made the loan possible by guaranteeing $171,000 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: CATERERS SBA Loan Lender LEHMAN BROTHERS BANK, FSB 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 8/5/2005 Loan Approval Gross Amount $342,000 Loan Approval from the SBA Of the total $342,000 loan amount, the SBA guaranteed $171,000. 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 14 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 20 existing jobs. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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 $342,000 loan. Remember, where there is a will, there is a way! 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: The Friends and Family Network Best Wilmington, Delaware Banks for Small Business
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