Business Loan from Centreville National Bank - Maryland Given to Grocery Stores Company

Centreville National Bank - Maryland has a track record as a leading provider of SBA loans. Find out how this Maryland entrepreneur received an SBA loan from them.

This growing company knew how to go about getting a business bank loan. Based in Chestertown, Maryland, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Centreville National Bank - Maryland, based in Centreville, Maryland.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
CHESTERTOWN, MD 21620

SBA Loan Lender

CENTREVILLE NATIONAL BANK - MARYLAND
109 N COMMERCE ST
CENTREVILLE, MD 21617

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

445120 - Convenience Stores

Loan Approval Date

10/31/2002

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

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 3 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you want money for new small business in Chestertown MD, you ought to talk with a local Chestertown SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chestertown businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Centreville National Bank - Maryland so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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