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November 15, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Boone, Business Loans > Yadkin Valley Bank & Trust Boone Business Loans > Solid Waste Collection Loan | ||||
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Boone, North Carolina SBA Lenders
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Boone, North Carolina Bank Gives SBA Loan to Solid Waste Collection CompanyFind Boone, North Carolina banks that specialize in small business loans and know how to work with entrepreneurs. Yadkin Valley Bank & Trust is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Boone, North Carolina starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Yadkin Valley Bank & Trust. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: SOLID WASTE COLLECTION SBA Loan Lender YADKIN VALLEY BANK & TRUST The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 562111 - Solid Waste Collection Loan Approval Date 7/11/2007 Loan Approval Gross Amount $226,000 Loan Approval from the SBA Of the total $226,000 loan amount, the SBA guaranteed $169,500. 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 6 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 $226,000 loan. Remember, you control your own destiny. 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: Dealing With Venture Capitalists Where to Get an SBA Loan in Boone, North Carolina
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