North Carolina Bank Loan Issued to Fitness And Recreational Sports Centers Company

Bank loans in North Carolina are are few and far betweeen these days. We take a look at one North Carolina bank loan, provided by a Virginia bank, that was approved by the SBA.

Getting a small business loan in Elizabeth City, North Carolina was a top priority for this loan applicant back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Capital One. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS
ELIZABETH CITY, NC 27909

SBA Loan Lender

CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102

The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

8/22/2006

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 6 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 6 existing jobs.

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

If you need business start up money in Elizabeth City NC, you ought to talk with a local Elizabeth City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Elizabeth City businesses.

We can help you find the best banks for small businesses in Elizabeth City or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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