High Point, North Carolina Bank Lends Money to Consumer Goods Rental Company in Greensboro, North Carolina

Want to talk with a High Point, North Carolina bank about a business loan? Here's one North Carolina business loan, issued by a High Point bank, that was approved by the SBA.

Applying for an SBA loan with Suntrust Bank worked out well for our friends at one local firm in Greensboro, North Carolina. They received an SBA loan for $146,000. Great job!

SBA Loan Borrower

COMPANY TYPE: CONSUMER GOODS RENTAL
GREENSBORO, NC 27407

SBA Loan Lender

SUNTRUST BANK
1116 EASTCHESTER DR
HIGH POINT, NC 27260

When it made this small business loan, this bank was part of the SBA's Certified Lenders Program (CLP). This program was created to give fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532299 - Consumer Goods Rental

Loan Approval Date

5/2/2003

Loan Approval Gross Amount

$146,000

Loan Approval from the SBA

Of the total $146,000 loan amount, the SBA guaranteed $124,100.

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 6 employees. The loan application did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Advice on Getting a Small Business Loan

SBA 7A Banks for High Point, North Carolina Loans

SBA Lenders in North Carolina