Maryland SBA Loan Issued to Specialty Food Stores Company
Want a Maryland bank loan? This Maryland entrepreneur got a bank loan, provided by a New Jersey bank that works with the SBA to help small business owners.
Getting a small business loan in Bowie, Maryland was a top priority for this loan applicant back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Valley National Bank. Here are the details on this Maryland small business loan.
SBA Loan Borrower
COMPANY TYPE: SPECIALTY FOOD STORES
BOWIE, MD 20720
SBA Loan Lender
VALLEY NATIONAL BANK
1334 RTE 22 EAST
NORTH PLAINFIELD, NJ 07060
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
445299 - Specialty Food Stores
Loan Approval Date
6/18/2002
Loan Approval Gross Amount
$165,500
Loan Approval from the SBA
Of the total $165,500 loan amount, the SBA guaranteed $124,125.
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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 1 existing job.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
This SBA loan was for $165,500. How would you spend $165,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
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