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| Entrepreneur Resources | California Bank & Trust Sacramento Business Loans | ||||
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Florida Small Business Funding
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Caterers Bank LoansWith these bank loans for caterers, the SBA guarantees the lender that the loan will be repaid. This caterers loan for $63,000 was given to a Florida entrepreneur in 2003.
Blue Sky received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with California Bank & Trust, out of Sacramento, California. The loan was granted and they received $63,000 to help grow their Miami, Florida business. SBA Loan Borrower BLUE SKY SBA Loan Lender CALIFORNIA BANK & TRUST 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 1/23/2003 Loan Approval Gross Amount $63,000 Loan Approval from the SBA Of the total $63,000 loan amount, the SBA guaranteed $31,500. More Information on This SBA Loan The borrower, Blue Sky, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 11 existing jobs. This loan was paid in full, and was closed out on 3/31/2008. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like California Bank & Trust and they will explain how you can get an SBA loan for your company. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: How Much Venture Capital Is There? Best Sacramento, California Banks for Small Business If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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