Entrepreneur Works With Morehead City, North Carolina Bank to Get an SBA Loan

Thinking about meeting with a Morehead City, North Carolina bank about a small business loan? Here's one North Carolina business loan, issued by a Morehead City bank, that was approved by the SBA.

Applying for an SBA loan with Sound Banking Company worked out well for our friends at one local firm in Morehead City, North Carolina. The business was able to get an SBA loan for $65,100. Sweet!

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
MOREHEAD CITY, NC 28557

SBA Loan Lender

SOUND BANKING COMPANY
5039 EXECUTIVE DR
MOREHEAD CITY, NC 28557

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.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/29/2003

Loan Approval Gross Amount

$65,100

Loan Approval from the SBA

Of the total $65,100 loan amount, the SBA guaranteed $55,335.

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 8 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds 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.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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