Business Loans for Personal Care Services
Looking for business loans for personal care services? Try the SBA. This $147,000 personal care services loan was issued by a Maryland bank.
This small business knew how to go about getting a business bank loan. Based in Bel Air, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Carrollton Bank, based in Baltimore, Maryland.
SBA Loan Borrower
COMPANY TYPE: PERSONAL SERVICES
BEL AIR, MD 21015
SBA Loan Lender
CARROLLTON BANK
344 N CHARLES ST, STE 300
BALTIMORE, MD 21201
This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7299 - Personal Services
NAICS Code
812199 - Personal Care Services
Loan Approval Date
11/26/2002
Loan Approval Gross Amount
$147,000
Loan Approval from the SBA
Of the total $147,000 loan amount, the SBA guaranteed $124,950.
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 4 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Carrollton Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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 From a Venture Capitalist
Small Business Banks in Baltimore, Maryland
Maryland SBA 7A Banks