How to Get a Loan for Caterers

With these commercial loans for caterers, the SBA guarantees the lender that the loan will be repaid. This caterers loan for $929,700 was given to a Florida entrepreneur in 2007.

Creative Tastes received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Cit Small Business Lending Corp, out of Livingston, New Jersey. The loan was granted and they received $929,700 to help grow their Miami, Florida business.

SBA Loan Borrower

CREATIVE TASTES
12229 SW 113 AVE #B2
MIAMI, FL 33186

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722320 - Caterers

Loan Approval Date

9/26/2007

Loan Approval Gross Amount

$929,700

Loan Approval from the SBA

Of the total $929,700 loan amount, the SBA guaranteed $697,275.

More Information on This SBA Loan

The borrower, Creative Tastes, 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 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs.

Getting an SBA Loan For Your Business

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

We've showcased information on this loan to Creative Tastes to let you know that businesses like yours can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

504 Loans

Banks in Livingston, New Jersey

New Jersey SBA 7A Banks

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.