Morrisville, North Carolina Lender Lends Money to Landscaping Services Company

Find Morrisville, North Carolina banks that specialize in business loans and know how to work with entrepreneurs. The Fidelity Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Apex, North Carolina starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from The Fidelity Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
APEX, NC 27502

SBA Loan Lender

THE FIDELITY BANK
10217 CHAPEL HILL RD
MORRISVILLE, NC 27560

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

8/23/2005

Loan Approval Gross Amount

$489,710

Loan Approval from the SBA

Of the total $489,710 loan amount, the SBA guaranteed $367,282.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? 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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