Newbridge Bank Gives Business Loan to Professional Equipment And Supplies Company

Small business loans in North Carolina are are few and far betweeen these days. We take a look at one North Carolina small business loan, provided by a North Carolina bank, that was approved by the SBA.

You can learn something about getting a small business loan in Greensboro, North Carolina by studying this loan to a local company, made back in 2000. Banks like Newbridge Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: PROFESSIONAL EQUIPMENT AND SUPPLIES
GREENSBORO, NC 27406

SBA Loan Lender

NEWBRIDGE BANK
2132 NEW GARDEN RD
GREENSBORO, NC 27410

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5049 - Professional Equipment and Supplies

Loan Approval Date

8/16/2000

Loan Approval Gross Amount

$39,879

Loan Approval from the SBA

Of the total $39,879 loan amount, the SBA guaranteed $31,903.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

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