Bank Of North Carolina SBA Loan to Amusement And Recreation Services Company

Want a North Carolina small business loan? Here's one North Carolina business loan that was approved by the SBA.

This small business needed an SBA business loan in Kernersville, North Carolina back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Bank Of North Carolina, operating out of Kernersville, North Carolina. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: AMUSEMENT AND RECREATION SERVICES
KERNERSVILLE, NC 27284

SBA Loan Lender

BANK OF NORTH CAROLINA
211 BROAD ST
KERNERSVILLE, NC 27284

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7999 - Amusement and Recreation Services

Loan Approval Date

9/11/2000

Loan Approval Gross Amount

$223,100

Loan Approval from the SBA

Of the total $223,100 loan amount, the SBA guaranteed $167,325.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of North Carolina and they will explain how you can get an SBA loan for your company.

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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