Cary, North Carolina Bank Lends Money to Personal Services Company in Fuquay-Varina, North Carolina

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

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

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
FUQUAY-VARINA, NC 27526

SBA Loan Lender

THE FIDELITY BANK
2416 SW CARY PKWY
CARY, NC 27513

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812990 - Personal Services

Loan Approval Date

6/14/2004

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

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

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Fuquay-Varina NC, you ought to talk with a local Fuquay-Varina SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fuquay-Varina businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The Fidelity Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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