First National Business Cap. Gives Bank Loan to Narrow Fabric Mills Company

North CarolinaSBA loans are available to North Carolina entrepreneurs through the SBA. In this case, a South Carolina bank provides the loan.

This business, based in Kings Mountain, North Carolina, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from First National Business Cap.. We've got the inside scoop on this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: NARROW FABRIC MILLS
KINGS MOUNTAIN, NC 28086

SBA Loan Lender

FIRST NATIONAL BUSINESS CAP.
1204 A EAST WASHINGTON ST
GREENVILLE, SC 29601

This business loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans 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

313221 - Narrow Fabric Mills

Loan Approval Date

5/10/2005

Loan Approval Gross Amount

$426,000

Loan Approval from the SBA

Of the total $426,000 loan amount, the SBA guaranteed $319,500.

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 15 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 $426,000 loan. Remember, anyone can do it... so why not you?

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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