SBA Loan from Prince George's County Finan S Helps Books, Periodicals, And Newspapers Company

Prince George's County Finan S and the SBA work together to get business loans for growing small businesses. Here's an example of how a Maryland entrepreneur was able to get a loan to take a small business to the next level.

Getting a small business loan in Hyattsville, Maryland was an essential business goal for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Prince George's County Finan S, operating out of Lanham, Maryland. Here are the details on this Maryland small business loan.

SBA Loan Borrower

COMPANY TYPE: BOOKS, PERIODICALS, AND NEWSPAPERS
HYATTSVILLE, MD 20782

SBA Loan Lender

PRINCE GEORGE'S COUNTY FINAN S
4640 FORBES BLVD., SUITE 200
LANHAM, MD 20706

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5192 - Books, Periodicals, and Newspapers

NAICS Code

451211 - Book Stores

Loan Approval Date

8/1/2001

Loan Approval Gross Amount

$175,000

Loan Approval from the SBA

Of the total $175,000 loan amount, the SBA guaranteed $131,250.

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 30 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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:

The Friends and Family Network

Small Bank Loans in Lanham, Maryland

Maryland SBA Bank Lenders