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November 24, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Temecula, Business Loans > Temecula Valley Bank Temecula Business Loans > Legal Services Loan | ||||
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How to Get SBA Money in Baltimore Highlands, Maryland
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Baltimore Highlands, Maryland Entrepreneur Gets a Bank LoanMarylandSmall business loans are available to Maryland small business owners through the SBA. In this case, a California bank provides the loan. By giving the right information to Temecula Valley Bank, this Baltimore Highlands, Maryland business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: LEGAL SERVICES SBA Loan Lender TEMECULA VALLEY BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541199 - Legal Services Loan Approval Date 4/19/2006 Loan Approval Gross Amount $205,500 Loan Approval from the SBA Of the total $205,500 loan amount, the SBA guaranteed $154,125. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? 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. Related Links: Obtaining Funding - Getting Venture Capital Best Temecula, California Banks for Small Business
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