Fayetteville, North Carolina Bank Gives SBA Loan to Nursery And Garden Centers Company

Get to know Fayetteville, North Carolina banks that specialize in SBA loans and know how to work with entrepreneurs. First South Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Fayetteville, North Carolina starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from First South Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: NURSERY AND GARDEN CENTERS
FAYETTEVILLE, NC 28304

SBA Loan Lender

FIRST SOUTH BANK
241 GREEN ST
FAYETTEVILLE, NC 28301

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444220 - Nursery and Garden Centers

Loan Approval Date

9/23/2002

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a small business or need money to grow a business, an SBA loan can be a great funding source

We've showcased information on this loan to let you know that businesses like yours 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.

Related Links:

The Art of Bootstrapping

Where to Get an SBA Loan in Fayetteville, North Carolina

SBA Lenders in North Carolina