First-Citizens Bank & Trust SBA Loan to Personal Services Company

An SBA loan from First-Citizens Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Asheville, North Carolina business owner got a $60,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Asheville, North Carolina was able to borrow $60,000 from First-Citizens Bank & Trust. The SBA made the loan possible by guaranteeing $51,000 of this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
ASHEVILLE, NC 28805

SBA Loan Lender

FIRST-CITIZENS BANK & TRUST
975 SMOKY PARK HWY
ASHEVILLE, NC 28715

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812990 - Personal Services

Loan Approval Date

5/31/2005

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Business Cash Advances

SBA Banks in Asheville, North Carolina

North Carolina SBA Bank Lenders