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December 25, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Durham, Business Loans > The Fidelity Bank Durham Business Loans > Personal Care Services Loan | ||||
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Durham, North Carolina SBA 7A Banks
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Durham, North Carolina Bank Lends Money to Personal Care Services Company in Garner, North CarolinaThinking about meeting with a Durham, North Carolina bank about an SBA loan? Here's one North Carolina business loan, issued by a Durham bank, that was approved by the SBA. Applying for an SBA loan with The Fidelity Bank worked out well for our friends at one local firm in Garner, North Carolina. They received an SBA loan for $52,500. Awesome! SBA Loan Borrower COMPANY TYPE: PERSONAL CARE SERVICES SBA Loan Lender THE FIDELITY BANK This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812199 - Personal Care Services Loan Approval Date 9/6/2007 Loan Approval Gross Amount $52,500 Loan Approval from the SBA Of the total $52,500 loan amount, the SBA guaranteed $44,625. 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 loan application indicated that the loan would help retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source 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 The Fidelity Bank 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: Obtaining Funding - How to Decide How Much to Raise SBA 7A Banks for Durham, North Carolina Loans
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