Bank Of America SBA Loan to Used Household And Office Goods Moving Company
Bank Of America has a track record as a leading provider of SBA loans. Find out how this Maryland entrepreneur received an SBA loan from them.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Beltsville, Maryland was able to borrow $29,000 from Bank Of America. The SBA made the loan possible by guaranteeing $14,500 of this Maryland small business loan.
SBA Loan Borrower
COMPANY TYPE: USED HOUSEHOLD AND OFFICE GOODS MOVING
BELTSVILLE, MD 20705
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
484210 - Used Household and Office Goods Moving
Loan Approval Date
5/11/2007
Loan Approval Gross Amount
$29,000
Loan Approval from the SBA
Of the total $29,000 loan amount, the SBA guaranteed $14,500.
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 18 employees. The SBA loan documents indicated that the loan would help retain 18 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you want money for new small business in Beltsville MD, you ought to talk with a local Beltsville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Beltsville businesses.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $29,000 loan. Remember, feel the fear, and do it anyway.
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.
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