Cena Catering Company
Cena Catering Company is a caterer located in Berwyn, Pennsylvania, classified under NAICS code 722320 (Caterers). The company was financed with an SBA 7(a) loan for a change of ownership of $728,000, approved on October 2, 2024, by TowneBank, and the loan is reported as creating or retaining 14 jobs.
SBA 7(a) loan, change of ownership, approved Oct 2, 2024
- Gross approval
- $728,000
- SBA-guaranteed amount
- $546,000 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 2, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,722 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 722320, Caterers
- Project location
- Chester County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 18% of acquisition loans in Caterers on this site.
- Average acquisition loan in Caterers: $2,164,405.
- Average acquisition loan in Pennsylvania: $1,636,965.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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