Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

North Carolina Business Loan from Bank Of Granite

 

 
Loan Census SBA Loan Info

Hickory, North Carolina Business Gets SBA-Guaranteed Funding from Bank Of Granite

An SBA loan from Bank Of Granite typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hickory, North Carolina business owner got a $28,000 loan.

This business knew how to go about getting a business bank loan. Based in Hickory, North Carolina, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Bank Of Granite, based in Granite Falls, North Carolina.

SBA Loan Borrower

COMPANY TYPE: HOBBY, TOY, AND GAME STORES
HICKORY, NC 28601

SBA Loan Lender

BANK OF GRANITE
23 N MAIN ST
GRANITE FALLS, NC 28630

This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

7/29/2004

Loan Approval Gross Amount

$28,000

Loan Approval from the SBA

Of the total $28,000 loan amount, the SBA guaranteed $14,000.

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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Hickory or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Startup Funding Tip

SBA Approved Banks in Granite Falls, North Carolina

SBA North Carolina Banks