Financing for Personal and Household Goods Repair and Maintenance

With these loans for personal and household goods repair and maintenance, the SBA guarantees the lender that the loan will be repaid. This personal and household goods repair and maintenance loan for $11,200 was given to a North Carolina entrepreneur in 2007.

Getting a small business loan in Manteo, North Carolina was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Stanly, operating out of Albemarle, North Carolina. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL AND HOUSEHOLD GOODS REPAIR AND MAINTENANCE
MANTEO, NC 27954

SBA Loan Lender

BANK OF STANLY
167 N 2ND ST
ALBEMARLE, NC 28001

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811490 - Personal and Household Goods Repair and Maintenance

Loan Approval Date

8/29/2007

Loan Approval Gross Amount

$11,200

Loan Approval from the SBA

Of the total $11,200 loan amount, the SBA guaranteed $5,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the funding would help generate 1 new job.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

The Art of Bootstrapping

Small Bank Loans in Albemarle, North Carolina

North Carolina SBA Banks