Financing for Book Stores

Looking for commercial loans for book stores? An SBA loan may be just what you've been looking for. This $40,000 book stores loan was issued by a North Carolina bank.

This small business knew how to go about getting a business bank loan. Based in Corolla, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was The Bank Of Currituck, based in Corolla, North Carolina.

SBA Loan Borrower

COMPANY TYPE: BOOK STORES
COROLLA, NC 27927

SBA Loan Lender

THE BANK OF CURRITUCK
847 OCEAN TRL
COROLLA, NC 27927

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451211 - Book Stores

Loan Approval Date

10/11/2005

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Bank Of Currituck and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Financing Your Business

Best Banks in Corolla, North Carolina

Getting an SBA Loan in North Carolina