Entrepreneur Works With Gastonia, North Carolina Bank to Get an SBA Loan

Find Gastonia, North Carolina banks that specialize in business loans and know how to work with entrepreneurs. Communityone Bank is one such bank, as evidenced by this SBA loan to one business.

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

SBA Loan Borrower

COMPANY TYPE: THREAD MILLS
GASTONIA, NC 28054

SBA Loan Lender

COMMUNITYONE BANK
804 S NEW HOPE RD
GASTONIA, NC 28054

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

313113 - Thread Mills

Loan Approval Date

6/4/2003

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 43 employees. The loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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 - Friends and Family

Find an SBA Lender in Gastonia, North Carolina

North Carolina SBA Banks