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November 22, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Four Oaks, Business Loans > Four Oaks Bank & Trust Company Four Oaks Business Loans > Eating Places Loan | ||||
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Banks in Four Oaks, North Carolina That Make SBA Loans
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Four Oaks, North Carolina Bank Gives SBA Loan to Eating Places CompanyThinking about meeting with a Four Oaks, North Carolina bank about an SBA loan? Here's one North Carolina business loan, issued by a Four Oaks bank, that was approved by the SBA. Applying for an SBA loan with Four Oaks Bank & Trust Company worked out well for our friends at one local company in Fuquay Varina, North Carolina. They got an SBA loan for $150,000. Sweet! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender FOUR OAKS BANK & TRUST COMPANY This lender issued this particular 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. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 12/27/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Four Oaks Bank & Trust Company 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. Related Links: SBA Participating Banks in Four Oaks, North Carolina
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