Get an SBA Loan for Services Related to Advertising

With these loans for services related to advertising, the SBA guarantees the lender that the loan will be repaid. This services related to advertising loan for $275,000 was given to a Maryland entrepreneur in 2004.

Getting a small business loan in Gaithersburg, Maryland was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Eaglebank, operating out of Bethesda, Maryland. Here are the details on this Maryland small business loan.

SBA Loan Borrower

COMPANY TYPE: SERVICES RELATED TO ADVERTISING
GAITHERSBURG, MD 20877

SBA Loan Lender

EAGLEBANK
7815 WOODMONT AVE
BETHESDA, MD 20814

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541890 - Services Related to Advertising

Loan Approval Date

10/22/2004

Loan Approval Gross Amount

$275,000

Loan Approval from the SBA

Of the total $275,000 loan amount, the SBA guaranteed $206,250.

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 17 employees. The SBA loan documents indicated that the loan would help retain 17 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Gaithersburg MD, you ought to talk with a local Gaithersburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gaithersburg 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 Eaglebank 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:

Direct Public Offerings

SBA Participating Banks in Bethesda, Maryland

SBA Lenders in Maryland