Waste Collection Small Business Loans

Looking for small business loans for waste collection? An SBA loan may be just what you've been looking for. This $556,100 waste collection loan was issued by a North Carolina bank.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Branch Bank & Trust, out of Winston Salem, North Carolina. The loan was granted and they received $556,100 to help grow their Ellicott City, Maryland business.

SBA Loan Borrower

COMPANY TYPE: WASTE COLLECTION
Ellicott City, MD 21043

SBA Loan Lender

BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

562119 - Waste Collection

Loan Approval Date

11/16/2006

Loan Approval Gross Amount

$556,100

Loan Approval from the SBA

Of the total $556,100 loan amount, the SBA guaranteed $417,075.

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 2 employees. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Branch Bank & Trust are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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