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November 15, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Annapolis, Business Loans > Anne Arundel Economic Develop. Annapolis Business Loans > Wood Office Furniture Loan | ||||
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Anne Arundel Economic Develop.
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SBA Loan from Anne Arundel Economic Develop. Helps Wood Office Furniture CompanyAnne Arundel Economic Develop. and the SBA work together to get business loans for growing small businesses. Here's an example of how a Maryland entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in Annapolis, Maryland was an essential business goal for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Anne Arundel Economic Develop., operating out of Annapolis, Maryland. Here are the details on this Maryland small business loan. SBA Loan Borrower COMPANY TYPE: WOOD OFFICE FURNITURE SBA Loan Lender ANNE ARUNDEL ECONOMIC DEVELOP. This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2521 - Wood Office Furniture NAICS Code 337211 - Wood Office Furniture Manufacturing Loan Approval Date 8/7/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Anne Arundel Economic Develop. that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Best Banks in Annapolis, Maryland
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