Hardware Stores Small Business Loans

With these small business loans for hardware stores, the SBA guarantees the lender that the loan will be repaid. This hardware stores loan for $460,000 was given to a Maryland entrepreneur in 2007.

This company knew how to go about getting a business bank loan. Based in Churchville, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Nbrs Financial Bank, based in Rising Sun, Maryland.

SBA Loan Borrower

COMPANY TYPE: HARDWARE STORES
CHURCHVILLE, MD 21078

SBA Loan Lender

NBRS FINANCIAL BANK
6 PEARL ST
RISING SUN, MD 21911

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

7/9/2007

Loan Approval Gross Amount

$460,000

Loan Approval from the SBA

Of the total $460,000 loan amount, the SBA guaranteed $345,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application indicated that the borrowed money would help generate 5 new jobs.

Getting an SBA Loan For Your Business

If you need money to start business in Churchville MD, you ought to talk with a local Churchville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Churchville businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Nbrs Financial Bank and they will explain how you can get an SBA loan for your company.

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:

Bank Credit Lines

Small Business Banks in Rising Sun, Maryland

Find an SBA Lender in Maryland