Raising Money for Marinas

Looking for business loans for marinas? Try the SBA. This $396,000 marinas loan was issued by a North Carolina bank.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Sound Banking Company, out of Morehead City, North Carolina. The loan was granted and they received $396,000 to help grow their Beaufort, North Carolina business.

SBA Loan Borrower

COMPANY TYPE: MARINAS
BEAUFORT, NC 28516

SBA Loan Lender

SOUND BANKING COMPANY
5039 EXECUTIVE DR
MOREHEAD CITY, NC 28557

This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713930 - Marinas

Loan Approval Date

2/18/2004

Loan Approval Gross Amount

$396,000

Loan Approval from the SBA

Of the total $396,000 loan amount, the SBA guaranteed $297,000.

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 business planned to use the loan proceeds 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 want money for start up business? Maybe you want money to buy a franchise? 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:

Banking Deregulation's Effects on Entrepreneurship

SBA 7A Lenders in Morehead City, North Carolina

Getting an SBA Loan in North Carolina