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November 14, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Panama City Beach, Business Loans > Business Loan Center, LLC Panama City Beach Business Loans > Industrial Machinery Manufacturing Loan | ||||
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Fayetteville, North Carolina Bank for SBA Loans
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Industrial Machinery Manufacturing Business LoansLooking for business loans for industrial machinery manufacturing? Try the SBA. This $25,000 industrial machinery manufacturing loan was issued by a Florida bank. This small business knew how to go about getting a business bank loan. Based in Fayetteville, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Business Loan Center, LLC, based in Panama City Beach, Florida. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL MACHINERY MANUFACTURING SBA Loan Lender BUSINESS LOAN CENTER, LLC 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 SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333298 - Industrial Machinery Manufacturing Loan Approval Date 9/9/2005 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 a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Business Loan Center, LLC and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Panama City Beach, Florida Getting an SBA Loan in Florida
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