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December 21, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Greenbelt, Business Loans > The Columbia Bank Greenbelt Business Loans > Caterers Loan | ||||
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SBA Lender Maryland
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SBA Loan from The Columbia Bank Helps Caterers CompanyThe Columbia Bank has a track record as a leading provider of SBA loans. Find out how this Maryland entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Landover Hills, Maryland was able to borrow $50,000 from The Columbia Bank. The SBA made the loan possible by guaranteeing $42,500 of this Maryland small business loan. SBA Loan Borrower COMPANY TYPE: CATERERS SBA Loan Lender THE COLUMBIA BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722320 - Caterers Loan Approval Date 3/3/2004 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 12 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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. Related Links: Small Business Banks in Greenbelt, Maryland
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