Borrowing Money for Building Equipment Contractors
With these bank loans for building equipment contractors, the SBA guarantees the lender that the loan will be repaid. This building equipment contractors loan for $25,000 was given to a North Carolina entrepreneur in 2006.
This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Surrey Bank & Trust, out of Mount Airy, North Carolina. The loan was granted and they received $25,000 to help grow their Mount Airy, North Carolina business.
SBA Loan Borrower
COMPANY TYPE: BUILDING EQUIPMENT CONTRACTORS
Mount Airy, NC 27030
SBA Loan Lender
SURREY BANK & TRUST
145 N RENFRO ST
MOUNT AIRY, NC 27030
The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
238290 - Building Equipment Contractors
Loan Approval Date
10/27/2006
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $12,500.
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 no employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 6 existing jobs.
Getting an SBA Loan For Your Business
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
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 Surrey Bank & Trust 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:
Startup Funding Tip
Who Lends Money to Small Businesses in Mount Airy, North Carolina
SBA North Carolina Banks