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November 15, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Clemmons, Business Loans > Newbridge Bank Clemmons Business Loans > Pharmacies And Drug Stores Loan | ||||
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SBA Lender Clemmons
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Clemmons, North Carolina Bank Lends Money to Pharmacies And Drug Stores Company in Lewisville, North CarolinaThinking about meeting with a Clemmons, North Carolina bank about a small business loan? Here's one North Carolina business loan, issued by a Clemmons bank, that was approved by the SBA. Applying for an SBA loan with Newbridge Bank worked out well for our friends at one local firm in Lewisville, North Carolina. The business was able to get an SBA loan for $150,000. Sweet! SBA Loan Borrower COMPANY TYPE: PHARMACIES AND DRUG STORES SBA Loan Lender NEWBRIDGE BANK This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 446110 - Pharmacies and Drug Stores Loan Approval Date 1/7/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 4 employees. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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 $150,000 loan. Remember, if it to be, it is up to me! 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: Best Clemmons, North Carolina Banks for Small Business
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