Business Loans for Fish and Seafood Merchant Wholesalers

With these business loans for fish and seafood merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This fish and seafood merchant wholesalers loan for $80,000 was given to a Maryland entrepreneur in 2004.

This small business knew how to go about getting a business bank loan. Based in Hurlock, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Easton Bank And Trust Company, based in Easton, Maryland.

SBA Loan Borrower

COMPANY TYPE: FISH AND SEAFOOD MERCHANT WHOLESALERS
HURLOCK, MD 21643

SBA Loan Lender

EASTON BANK AND TRUST COMPANY
501 IDLEWILD AVE
EASTON, MD 21601

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.

NAICS Code

424460 - Fish and Seafood Merchant Wholesalers

Loan Approval Date

6/24/2004

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

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 6 employees. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Hurlock MD, you ought to talk with a local Hurlock SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hurlock businesses.

This SBA loan was for $80,000. How would you spend $80,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Business Line of Credit

SBA Banks in Easton, Maryland

Maryland SBA 7A Banks