Food Manufacturing Small Business Loans
Looking for small business loans for food manufacturing? Talk to a banker who works with the SBA. This $150,000 food manufacturing loan was issued by a North Carolina bank.
This small firm knew how to go about getting a business bank loan. Based in Charlotte, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Bank Of Granite, based in Granite Falls, North Carolina.
SBA Loan Borrower
COMPANY TYPE: FOOD MANUFACTURING
CHARLOTTE, NC 28226
SBA Loan Lender
BANK OF GRANITE
23 N MAIN ST
GRANITE FALLS, NC 28630
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
311999 - Food Manufacturing
Loan Approval Date
5/1/2006
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $75,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had no employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 5 existing jobs.
Next Steps for Getting an SBA Loan
If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great source of funding.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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:
Family and Friend Investors - Your First Financiers
SBA Participating Banks in Granite Falls, North Carolina
North Carolina SBA 7A Lenders