Engineering Services Commercial Loans

Looking for commercial loans for engineering services? An SBA loan may be just what you've been looking for. This $150,000 engineering services loan was issued by a North Carolina bank.

This business knew how to go about getting a business bank loan. Based in Durham, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Suntrust Bank, based in Cary, North Carolina.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
DURHAM, NC 27703

SBA Loan Lender

SUNTRUST BANK
991 HIGH HOUSE RD
CARY, NC 27513

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.

NAICS Code

541330 - Engineering Services

Loan Approval Date

12/11/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 18 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Durham NC, you ought to talk with a local Durham SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Durham businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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.

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