Asheville, North Carolina Entrepreneur Gets a Bank Loan

Want a North Carolina business loan? This North Carolina entrepreneur got a business loan, provided by a North Carolina bank that works with the SBA to help small business owners.

Getting a small business loan in Asheville, North Carolina was a top priority for this SBA-financed company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from The Bank Of Asheville. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
ASHEVILLE, NC 28801

SBA Loan Lender

THE BANK OF ASHEVILLE
79 WOODFIN PL
ASHEVILLE, NC 28801

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.

NAICS Code

453998 - Store Retailers

Loan Approval Date

7/30/2004

Loan Approval Gross Amount

$87,000

Loan Approval from the SBA

Of the total $87,000 loan amount, the SBA guaranteed $73,950.

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 9 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We've showcased information on this loan 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 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:

Equity Financing

SBA Banks in Asheville, North Carolina

Getting an SBA Loan in North Carolina