Musical Instrument and Supplies Stores Small Business Loans

Looking for small business loans for musical instrument and supplies stores? Talk to a banker who works with the SBA. This $99,500 musical instrument and supplies stores loan was issued by a Maryland bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Maryland Bank & Trust Natl, out of Lexington Park, Maryland. The loan was granted and they received $99,500 to help grow their Lexington Park, Maryland business.

SBA Loan Borrower

COMPANY TYPE: MUSICAL INSTRUMENT STORES
LEXINGTON PARK, MD 20653

SBA Loan Lender

MARYLAND BANK & TRUST NATL
46930 SHANGRI-LA DR
LEXINGTON PARK, MD 20653

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5736 - Musical Instrument Stores

NAICS Code

451140 - Musical Instrument and Supplies Stores

Loan Approval Date

7/25/2002

Loan Approval Gross Amount

$99,500

Loan Approval from the SBA

Of the total $99,500 loan amount, the SBA guaranteed $84,575.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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 Maryland Bank & Trust Natl 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.

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