Chevy Chase, Maryland Bank Gives SBA Loan to Trucking Company

Thinking about meeting with a Chevy Chase, Maryland bank about a business loan? Here's one Maryland business loan, issued by a Chevy Chase bank, that was approved by the SBA.

Applying for an SBA loan with Chevy Chase Bank, F.S.B. worked out well for our friends at one local firm in Jessup, Maryland. They got an SBA loan for $148,800. Way to go!

SBA Loan Borrower

COMPANY TYPE: TRUCKING
JESSUP, MD 20794

SBA Loan Lender

CHEVY CHASE BANK, F.S.B.
8401 CONNECTICUT AVE
CHEVY CHASE, MD 20815

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4213 - Trucking

NAICS Code

484121 - General Long-Distance Freight Trucking

Loan Approval Date

8/15/2001

Loan Approval Gross Amount

$148,800

Loan Approval from the SBA

Of the total $148,800 loan amount, the SBA guaranteed $126,480.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

We can help you find the best banks for small businesses in Jessup or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

VC Firms on Twitter

SBA 7A Banks for Chevy Chase, Maryland Loans

Getting an SBA Loan in Maryland