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December 22, 2024 |
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| Home > Small Business Lenders by State > Delaware Business Loan Sources > Wilmington, Business Loans > Wilmington Trust Company Wilmington Business Loans > Solid Waste Collection Loan | ||||
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How to Get SBA Loans in New Castle, Delaware
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Getting an SBA Loan for Solid Waste CollectionLooking for commercial loans for solid waste collection? Talk to a banker who works with the SBA. This $400,000 solid waste collection loan was issued by a Delaware bank. This business knew how to go about getting a business bank loan. Based in New Castle, Delaware, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Wilmington Trust Company, based in Wilmington, Delaware. SBA Loan Borrower COMPANY TYPE: SOLID WASTE COLLECTION SBA Loan Lender WILMINGTON TRUST COMPANY This bank 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 562111 - Solid Waste Collection Loan Approval Date 6/17/2002 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This SBA loan was for $400,000. How would you spend $400,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Who Lends Money to Small Businesses in Wilmington, Delaware
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