Entrepreneur Works With Greensboro, North Carolina Bank to Get an SBA Loan

Thinking about meeting with a Greensboro, North Carolina bank about an SBA loan? Here's one North Carolina business loan, issued by a Greensboro bank, that was approved by the SBA.

Applying for an SBA loan with Self-Help Cu worked out well for our friends at one local business in Kenly, North Carolina. They received an SBA loan for $100,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: BROADWOVEN FABRIC MILLS
KENLY, NC 27542

SBA Loan Lender

SELF-HELP CU
122 N ELM ST, STE 1015
GREENSBORO, NC 27410

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

313210 - Broadwoven Fabric Mills

Loan Approval Date

6/1/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 55 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 55 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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.

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