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November 15, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Annapolis, Business Loans > Bankannapolis Annapolis Business Loans > Eating Places Loan | ||||
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Annapolis Bank Loan
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Annapolis, Maryland Bank Gives SBA Loan to Eating Places CompanyThinking about meeting with an Annapolis, Maryland bank about an SBA loan? Here's one Maryland business loan, issued by an Annapolis bank, that was approved by the SBA. Applying for an SBA loan with Bankannapolis worked out well for our friends at one local company in Davidsonville, Maryland. They got an SBA loan for $30,000. Nice! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender BANKANNAPOLIS 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 5812 - Eating Places NAICS Code 722320 - Caterers Loan Approval Date 1/13/2003 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $25,500. 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 15 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you want money for start up 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: Small Bank Loans in Annapolis, Maryland
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