North Carolina Small Business Loan Issued to Nonwoven Fabric Mills Company

SBA loans in North Carolina are hard to find these days. We take a look at one North Carolina SBA loan, provided by a Missouri bank, that was approved by the SBA.

By giving the right information to Ge Cap. Small Business Finan Corp, this High Point, North Carolina business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

COMPANY TYPE: NONWOVEN FABRIC MILLS
HIGH POINT, NC 27261

SBA Loan Lender

GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

313230 - Nonwoven Fabric Mills

Loan Approval Date

8/8/2001

Loan Approval Gross Amount

$1,239,000

Loan Approval from the SBA

Of the total $1,239,000 loan amount, the SBA guaranteed $929,250.

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 200 employees. The SBA loan application for the borrower indicated that the loan would help retain 200 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Bank Credit Lines

SBA Banks in St. Louis, Missouri

Getting a Business Loan in Missouri