Local Business Gets a North Carolina Bank Loan

Business loans in North Carolina are hard to find these days. We take a look at one North Carolina business loan, provided by a North Carolina bank, that was approved by the SBA.

Getting a small business loan in Charlotte, North Carolina was a top priority for this SBA-financed company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Scottish Bank. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: COURIERS AND EXPRESS DELIVERY SERVICES
CHARLOTTE, NC 28217

SBA Loan Lender

SCOTTISH BANK
4519 SHARON RD
CHARLOTTE, NC 28211

This SBA 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

492110 - Couriers and Express Delivery Services

Loan Approval Date

11/19/2001

Loan Approval Gross Amount

$61,474

Loan Approval from the SBA

Of the total $61,474 loan amount, the SBA guaranteed $52,253.

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 5 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Scottish Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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