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December 22, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Archdale, Business Loans > First Bank Archdale Business Loans > Services Loan | ||||
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Archdale Lenders
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Archdale, North Carolina Bank Gives SBA Loan to Services CompanyThinking about meeting with an Archdale, North Carolina bank about a small business loan? Here's one North Carolina business loan, issued by an Archdale bank, that was approved by the SBA. Applying for an SBA loan with First Bank worked out well for our friends at one local company in Greensboro, North Carolina. They received an SBA loan for $35,000. Great job! SBA Loan Borrower COMPANY TYPE: SERVICES SBA Loan Lender FIRST BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8999 - Services Loan Approval Date 2/28/2000 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $28,000. 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 2 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Raising VC Money for Social Networking Companies SBA Banks in Archdale, North Carolina
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