Financing for Consumer Goods Rental

Looking for commercial loans for consumer goods rental? An SBA loan may be just what you've been looking for. This $32,100 consumer goods rental loan was issued by a North Carolina bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Branch Bank & Trust, out of Winston Salem, North Carolina. The loan was granted and they received $32,100 to help grow their Chapel Hill, North Carolina business.

SBA Loan Borrower

COMPANY TYPE: CONSUMER GOODS RENTAL
CHAPEL HILL, NC 27517

SBA Loan Lender

BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

532299 - Consumer Goods Rental

Loan Approval Date

8/2/2006

Loan Approval Gross Amount

$32,100

Loan Approval from the SBA

Of the total $32,100 loan amount, the SBA guaranteed $16,050.

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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in Chapel Hill or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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North Carolina SBA Bank Lenders