Mooresville, North Carolina Entrepreneur Gets an SBA Loan

Want a North Carolina small business loan? This North Carolina entrepreneur got a small business loan, provided by a North Carolina bank that works with the SBA to help small business owners.

Getting a small business loan in Mooresville, North Carolina was a top priority for this small company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from First-Citizens Bank & Trust. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: SERVICES RELATED TO ADVERTISING
MOORESVILLE, NC 28115

SBA Loan Lender

FIRST-CITIZENS BANK & TRUST
100 E TRYON RD
RALEIGH, NC 27603

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541890 - Services Related to Advertising

Loan Approval Date

7/14/2005

Loan Approval Gross Amount

$96,500

Loan Approval from the SBA

Of the total $96,500 loan amount, the SBA guaranteed $82,025.

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 4 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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