Charlotte, North Carolina Lender Lends Money to Specialty Trade Contractors Company
Want to talk with a Charlotte, North Carolina bank about an SBA loan? Here's one New Jersey business loan, issued by a Charlotte bank, that was approved by the SBA.
Applying for an SBA loan with Bank Of America worked out well for our friends at one local company in Jackson, New Jersey. The business was able to get an SBA loan for $20,000. Sweet!
SBA Loan Borrower
COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
JACKSON, NJ 08527
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
238990 - Specialty Trade Contractors
Loan Approval Date
8/17/2006
Loan Approval Gross Amount
$20,000
Loan Approval from the SBA
Of the total $20,000 loan amount, the SBA guaranteed $10,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $20,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
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Small Business Banks in Charlotte, North Carolina
Getting an SBA Loan in North Carolina