Electronic Shopping and Mail-Order Houses Commercial Loans
With these commercial loans for electronic shopping and mail-order houses, the SBA guarantees the lender that the loan will be repaid. This electronic shopping and mail-order houses loan for $575,000 was given to a North Carolina entrepreneur in 2001.
This small business knew how to go about getting a business bank loan. Based in Morehead City, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Temecula Valley Bank, based in Temecula, California.
SBA Loan Borrower
COMPANY TYPE: ELECTRONIC SHOPPING AND MAIL-ORDER HOUSES
MOREHEAD CITY, NC 28557
SBA Loan Lender
TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
454110 - Electronic Shopping and Mail-Order Houses
Loan Approval Date
5/31/2001
Loan Approval Gross Amount
$575,000
Loan Approval from the SBA
Of the total $575,000 loan amount, the SBA guaranteed $431,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 32 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
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 Temecula Valley Bank 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.
Related Links:
Obtaining Funding - How to Borrow Money
SBA 7A Banks in Temecula, California
SBA Participating Banks in California