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November 15, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Charlotte, Business Loans > Bank Of Granite Charlotte Business Loans > Motor Vehicle Parts And Accessories Loan | ||||
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Business Loan from Bank Of Granite
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Charlotte, North Carolina Business Gets SBA-Guaranteed Funding from Bank Of GraniteBank Of Granite is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one North Carolina entrepreneur who tapped into the power of SBA loans. Getting a small business loan in Charlotte, North Carolina was an essential business goal for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Granite, operating out of Charlotte, North Carolina. Here are the details on this North Carolina small business loan. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE PARTS AND ACCESSORIES SBA Loan Lender BANK OF GRANITE This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3714 - Motor Vehicle Parts and Accessories NAICS Code 336399 - Motor Vehicle Parts Manufacturing Loan Approval Date 7/19/2001 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds 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. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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. Related Links: Obtaining Funding - Friends and Family Small Business Banks in Charlotte, North Carolina Find an SBA Lender in North Carolina
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