Raising Money for Consumer Goods Rental

With these business loans for consumer goods rental, the SBA guarantees the lender that the loan will be repaid. This consumer goods rental loan for $160,000 was given to a Maryland entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Denton, Maryland was able to borrow $160,000 from Centreville National Bank - Maryland. The SBA made the loan possible by guaranteeing $120,000 of this Maryland small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
DENTON, MD 21629

SBA Loan Lender

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

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

532299 - Consumer Goods Rental

Loan Approval Date

3/6/2003

Loan Approval Gross Amount

$160,000

Loan Approval from the SBA

Of the total $160,000 loan amount, the SBA guaranteed $120,000.

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 11 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Centreville National Bank - Maryland that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Realistic Debt Financing Options

Who Lends Money to Small Businesses in Centreville, Maryland

Browse All Business Loan Sources for Maryland