Business Loan from Regal Bank & Trust Given to Fish And Seafood Markets Company
An SBA loan from Regal Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Joppa Heights, Maryland business owner got a $45,000 loan.
Getting a small business loan in Joppa Heights, Maryland was an essential business goal for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Regal Bank & Trust, operating out of Owings Mills, Maryland. Here are the details on this Maryland small business loan.
SBA Loan Borrower
COMPANY TYPE: FISH AND SEAFOOD MARKETS
JOPPA HEIGHTS, MD 21085
SBA Loan Lender
REGAL BANK & TRUST
11436 CRONHILL DR, STE 1
OWINGS MILLS, MD 21117
This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
445220 - Fish and Seafood Markets
Loan Approval Date
1/30/2003
Loan Approval Gross Amount
$45,000
Loan Approval from the SBA
Of the total $45,000 loan amount, the SBA guaranteed $22,500.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 3 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.
Next Steps for Getting an SBA Loan
If you need money to start business in Joppa Heights MD, you ought to talk with a local Joppa Heights SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Joppa Heights businesses.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Regal Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Obtaining Funding - How to Borrow Money
SBA 7A Lenders in Owings Mills, Maryland
SBA Maryland Banks