Winston Salem, North Carolina Lender Lends Money to Physical Fitness Facilities Company
A Winston Salem, North Carolina small business loan can be yours. Learn how a business got a $195,000 business loan from this North Carolina bank.
This loan to an entrepreneur is a good example of an SBA loan. Branch Bank & Trust made the loan and the SBA guaranteed a portion of the loan. Many other Maryland entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: PHYSICAL FITNESS FACILITIES
LEXINGTON PARK, MD 20653
SBA Loan Lender
BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7991 - Physical Fitness Facilities
NAICS Code
721110 - Hotels and Motels
Loan Approval Date
1/31/2001
Loan Approval Gross Amount
$195,000
Loan Approval from the SBA
Of the total $195,000 loan amount, the SBA guaranteed $146,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 6 employees. The loan application did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
We can help you find the best banks for small businesses in Lexington Park 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.
Related Links:
Startup Funding Tip
Good Banks for Small Business in Winston Salem, North Carolina
North Carolina SBA 7A Banks