Business Associations Small Business Loans

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

This company knew how to go about getting a business bank loan. Based in Edenton, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Gateway Bank & Trust Co., based in Elizabeth City, North Carolina.

SBA Loan Borrower

COMPANY TYPE: BUSINESS ASSOCIATIONS
EDENTON, NC 27932

SBA Loan Lender

GATEWAY BANK & TRUST CO.
1404 W EHRINGHAUS ST
ELIZABETH CITY, NC 27909

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

813910 - Business Associations

Loan Approval Date

7/29/2004

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 7 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? 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:

Business Credit Evaluation

Find an SBA Lender in Elizabeth City, North Carolina

North Carolina SBA 7A Banks