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 $1,756,000 was given to a Louisiana entrepreneur in 2005.

This company knew how to go about getting a business bank loan. Based in Harahan, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Gulf Coast Bank & Trust, based in New Orleans, Louisiana.

SBA Loan Borrower

COMPANY TYPE: CATERERS
HARAHAN, LA 70123

SBA Loan Lender

GULF COAST BANK & TRUST
200 ST. CHARLES AVE
NEW ORLEANS, LA 70130

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722320 - Caterers

Loan Approval Date

3/18/2005

Loan Approval Gross Amount

$1,756,000

Loan Approval from the SBA

Of the total $1,756,000 loan amount, the SBA guaranteed $1,317,000.

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 12 employees. The loan application indicated that the loan would help generate 12 new jobs and retain 12 existing jobs.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

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SBA Louisiana Lenders