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November 22, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Mount Airy, Business Loans > Southern Commun Bank & Tr Mount Airy Business Loans > Hosiery And Sock Mills Loan | ||||
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SBA Lender Mount Airy
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Mount Airy, North Carolina Bank Gives SBA Loan to Hosiery And Sock Mills CompanyA Mount Airy, North Carolina business loan can be yours. Learn how a company got a $850,000 business loan from this North Carolina bank. This loan to an entrepreneur is a good example of an SBA loan. Southern Commun Bank & Tr made the loan and the SBA guaranteed a portion of the loan. Many other North Carolina 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: HOSIERY AND SOCK MILLS SBA Loan Lender SOUTHERN COMMUN BANK & TR This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 315119 - Hosiery and Sock Mills Loan Approval Date 5/12/2003 Loan Approval Gross Amount $850,000 Loan Approval from the SBA Of the total $850,000 loan amount, the SBA guaranteed $637,500. 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 47 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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: Obtaining Funding From a Venture Capitalist Find an SBA Lender in Mount Airy, North Carolina SBA Participating Banks in North Carolina
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