Raleigh, North Carolina Bank Gives SBA Loan to Full-Service Restaurants Company

Get to know Raleigh, North Carolina banks that specialize in business loans and know how to work with entrepreneurs. Rbc Centura Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Kenansville, North Carolina starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Rbc Centura Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
KENANSVILLE, NC 28453

SBA Loan Lender

RBC CENTURA BANK
4300 GLENWOOD AVE
RALEIGH, NC 27612

This debt financing was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

5/15/2001

Loan Approval Gross Amount

$213,000

Loan Approval from the SBA

Of the total $213,000 loan amount, the SBA guaranteed $159,750.

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 only one employee. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $213,000 loan. Remember, where there is a will, there is a way!

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.

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