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November 16, 2024 |
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| Home > Small Business Lenders by State > Delaware Business Loan Sources > Oakland, Business Loans > Innovative Bank Oakland Business Loans > Information Services Loan | ||||
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How to Get a Business Loan in Claymont, Delaware
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Firm Gets a Delaware Bank LoanSmall business loans in Delaware are hard to find these days. We take a look at one Delaware small business loan, provided by a California bank, that was approved by the SBA. This company, based in Claymont, Delaware, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Innovative Bank. We've got the inside scoop on this Delaware small business loan. SBA Loan Borrower COMPANY TYPE: INFORMATION SERVICES SBA Loan Lender INNOVATIVE BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 514199 - Information Services Loan Approval Date 3/30/2006 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $8,500. 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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 Innovative 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: SBA Participating Banks in Oakland, California
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