Business Loan from Suntrust Bank Given to Single Family Housing Construction Company

Suntrust Bank has a track record as a leading provider of SBA loans. Find out how this North Carolina entrepreneur received an SBA loan from them.

This small firm knew how to go about getting a business bank loan. Based in Cary, North Carolina, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Suntrust Bank, based in Cary, North Carolina.

SBA Loan Borrower

COMPANY TYPE: SINGLE FAMILY HOUSING CONSTRUCTION
CARY, NC 27513

SBA Loan Lender

SUNTRUST BANK
991 HIGH HOUSE RD
CARY, NC 27513

This small business loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

233210 - Single Family Housing Construction

Loan Approval Date

3/21/2002

Loan Approval Gross Amount

$52,130

Loan Approval from the SBA

Of the total $52,130 loan amount, the SBA guaranteed $39,098.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Cary NC, you ought to talk with a local Cary SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cary businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $52,130 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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