How to Get a Loan for Boat Dealers

Looking for SBA loans for boat dealers? An SBA loan may be just what you've been looking for. This $388,000 boat dealers loan was issued by a Maryland bank.

This small business knew how to go about getting a business bank loan. Based in Greensboro, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Easton Bank And Trust Company, based in Easton, Maryland.

SBA Loan Borrower

COMPANY TYPE: BOAT DEALERS
GREENSBORO, MD 21639

SBA Loan Lender

EASTON BANK AND TRUST COMPANY
501 IDLEWILD AVE
EASTON, MD 21601

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5551 - Boat Dealers

NAICS Code

441222 - Boat Dealers

Loan Approval Date

2/2/2000

Loan Approval Gross Amount

$388,000

Loan Approval from the SBA

Of the total $388,000 loan amount, the SBA guaranteed $291,000.

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 13 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Easton Bank And Trust Company and they will explain how you can get an SBA loan for your company.

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:

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Small Business Banks in Easton, Maryland

Maryland SBA Bank Lenders