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December 22, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Asheboro, Business Loans > Randolph Bank & Trust Company Asheboro Business Loans > Metal Stamping Loan | ||||
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Business Loan from Randolph Bank & Trust Company
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Business Loan from Randolph Bank & Trust Company Given to Metal Stamping CompanyAn SBA loan from Randolph Bank & Trust Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a High Point, North Carolina business owner got a $1,292,000 loan. This business knew how to go about getting a business bank loan. Based in High Point, North Carolina, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Randolph Bank & Trust Company, based in Asheboro, North Carolina. SBA Loan Borrower COMPANY TYPE: METAL STAMPING SBA Loan Lender RANDOLPH BANK & TRUST COMPANY SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332116 - Metal Stamping Loan Approval Date 8/11/2006 Loan Approval Gross Amount $1,292,000 Loan Approval from the SBA Of the total $1,292,000 loan amount, the SBA guaranteed $969,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 49 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? 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: SBA 7A Banks for Asheboro, North Carolina Loans
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