Southern Bank & Trust SBA Loan to Eating Places Company

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

This up and coming company knew how to go about getting a business bank loan. Based in Kitty Hawk, North Carolina, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Southern Bank & Trust, based in Kill Devil Hills, North Carolina.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
KITTY HAWK, NC 27949

SBA Loan Lender

SOUTHERN BANK & TRUST
202 S CROATAN HWY
KILL DEVIL HILLS, NC 27948

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

2/29/2000

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 27 employees. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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