Engineering Services Bank Loans

Looking for bank loans for engineering services? An SBA loan may be just what you've been looking for. This $1,425,000 engineering services loan was issued by a North Carolina bank.

This company knew how to go about getting a business bank loan. Based in Chapel Hill, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Capital Bank, based in Burlington, North Carolina.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
CHAPEL HILL, NC 27514

SBA Loan Lender

CAPITAL BANK
445 S MAIN ST
BURLINGTON, NC 27215

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541330 - Engineering Services

Loan Approval Date

6/4/2002

Loan Approval Gross Amount

$1,425,000

Loan Approval from the SBA

Of the total $1,425,000 loan amount, the SBA guaranteed $999,994.

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 20 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Obtaining Funding - Getting Venture Capital

Small Bank Loans in Burlington, North Carolina

SBA North Carolina Banks