Raleigh, North Carolina Bank Lends Money to Eating Places Company in Lexington, North Carolina

Find Raleigh, North Carolina banks that specialize in business loans and know how to work with entrepreneurs. Rbc Centura Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Lexington, North Carolina starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Rbc Centura Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
LEXINGTON, NC 27292

SBA Loan Lender

RBC CENTURA BANK
4300 GLENWOOD AVE
RALEIGH, NC 27612

This business loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA provides a rapid loan approval or denial response.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/23/2000

Loan Approval Gross Amount

$97,916

Loan Approval from the SBA

Of the total $97,916 loan amount, the SBA guaranteed $73,437.

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 18 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Rbc Centura Bank and they will explain how you can get an SBA loan for your company.

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:

Famous Venture Capitalists

SBA Participating Banks in Raleigh, North Carolina

Getting a Business Loan in North Carolina