Fayetteville, North Carolina Business Gets SBA-Guaranteed Funding from New Century Bank

An SBA loan from New Century Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fayetteville, North Carolina business owner got a $262,000 loan.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with New Century Bank, out of Dunn, North Carolina. The loan was granted and they received $262,000 to help grow their Fayetteville, North Carolina business.

SBA Loan Borrower

COMPANY TYPE: CAMERA AND PHOTOGRAPHIC SUPPLIES STORES
FAYETTEVILLE, NC 28303

SBA Loan Lender

NEW CENTURY BANK
700 W CUMBERLAND ST
DUNN, NC 28334

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

443130 - Camera and Photographic Supplies Stores

Loan Approval Date

7/27/2006

Loan Approval Gross Amount

$262,000

Loan Approval from the SBA

Of the total $262,000 loan amount, the SBA guaranteed $196,500.

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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $262,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Obtaining Funding - How to Borrow Money

SBA 7A Banks for Dunn, North Carolina Loans

North Carolina SBA 7A Lenders