Wilmington, Delaware Lender Lends Money to Footwear Merchant Wholesalers Company

Want to talk with a Wilmington, Delaware bank about a business loan? Here's one North Carolina business loan, issued by a Wilmington bank, that was approved by the SBA.

Applying for an SBA loan with Lehman Brothers Bank, Fsb worked out well for our friends at one local company in Charlotte, North Carolina. They got an SBA loan for $614,000. Nice!

SBA Loan Borrower

COMPANY TYPE: FOOTWEAR MERCHANT WHOLESALERS
CHARLOTTE, NC 28227

SBA Loan Lender

LEHMAN BROTHERS BANK, FSB
1000 WEST ST, STE 200
WILMINGTON, DE 19801

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

424340 - Footwear Merchant Wholesalers

Loan Approval Date

10/28/2005

Loan Approval Gross Amount

$614,000

Loan Approval from the SBA

Of the total $614,000 loan amount, the SBA guaranteed $460,500.

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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Charlotte 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.

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