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November 15, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Columbia, Business Loans > The Columbia Bank Columbia Business Loans > Radio And Television Broadcasting And Wireless Communications Equipment Loan | ||||
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Maryland Bank SBA Loans
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The Columbia Bank SBA Loan to Radio And Television Broadcasting And Wireless Communications Equipment CompanyThe Columbia Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Maryland entrepreneur was able to get a loan to take a small business to the next level. This business knew how to go about getting a business bank loan. Based in Beltsville, Maryland, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was The Columbia Bank, based in Columbia, Maryland. SBA Loan Borrower COMPANY TYPE: RADIO AND TELEVISION BROADCASTING AND WIRELESS COMMUNICATIONS EQUIPMENT SBA Loan Lender THE COLUMBIA BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 334220 - Radio and Television Broadcasting and Wireless Communications Equipment Loan Approval Date 12/28/2001 Loan Approval Gross Amount $800,000 Loan Approval from the SBA Of the total $800,000 loan amount, the SBA guaranteed $600,000. 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 34 employees. The loan application indicated that the loan would help generate 18 new jobs and retain 34 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. 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: Obtaining Funding - Friends and Family Best Banks for Small Business in Columbia, Maryland Where to Get an SBA Loan Maryland
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