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November 15, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Mount Olive, Business Loans > Southern Bank & Trust Mount Olive Business Loans > Hazardous Waste Treatment And Disposal Loan | ||||
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Southern Bank & Trust
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Business Loan from Southern Bank & Trust Given to Hazardous Waste Treatment And Disposal CompanySouthern Bank & Trust is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one North Carolina entrepreneur who tapped into the power of SBA loans. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Garner, North Carolina was able to borrow $200,000 from Southern Bank & Trust. The SBA made the loan possible by guaranteeing $150,000 of this North Carolina small business loan. SBA Loan Borrower COMPANY TYPE: HAZARDOUS WASTE TREATMENT AND DISPOSAL SBA Loan Lender SOUTHERN BANK & TRUST This business loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and a deep knowledge SBA lending rules and regulations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 562211 - Hazardous Waste Treatment and Disposal Loan Approval Date 11/24/2003 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Southern Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Southern Bank & Trust made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Best Mount Olive, North Carolina Banks for Small Business
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