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November 14, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Walnut Creek, Business Loans > Superior Financial Group, LLC Walnut Creek Business Loans > Women's Clothing Stores Loan | ||||
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NC Small Business Loans from Superior Financial Group, LLC
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SBA Loan from Superior Financial Group, LLC Helps Women's Clothing Stores CompanySuperior Financial Group, LLC 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 business 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 2006. The lending bank was Superior Financial Group, LLC, based in Walnut Creek, California. SBA Loan Borrower COMPANY TYPE: WOMEN'S CLOTHING STORES SBA Loan Lender SUPERIOR FINANCIAL GROUP, LLC This lender issued this SBA loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448120 - Women's Clothing Stores Loan Approval Date 8/28/2006 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $8,500. 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 only one employee. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a company 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. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Find an SBA Lender in Walnut Creek, California
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