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

Get SBA loans from a Shelby, North Carolina bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Carter Bank & Trust is a Shelby, North Carolina small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a South Carolina company.

SBA Loan Borrower

COMPANY TYPE: AIR AND GAS COMPRESSOR MANUFACTURING
LAKE WYLIE, SC 29710

SBA Loan Lender

CARTER BANK & TRUST
2009 E DIXON BLVD
SHELBY, NC 28152

This bank 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.

NAICS Code

333912 - Air and Gas Compressor Manufacturing

Loan Approval Date

7/17/2003

Loan Approval Gross Amount

$132,900

Loan Approval from the SBA

Of the total $132,900 loan amount, the SBA guaranteed $119,610.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Lake Wylie or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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