Wilmington Trust Company SBA Loan to Limited-Service Restaurants Company
Wilmington Trust Company has a track record as a leading provider of SBA loans. Find out how this Delaware entrepreneur received an SBA loan from them.
Getting a small business loan in Newark, Delaware was an essential business goal for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Wilmington Trust Company, operating out of Wilmington, Delaware. Here are the details on this Delaware small business loan.
SBA Loan Borrower
COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
NEWARK, DE 19711
SBA Loan Lender
WILMINGTON TRUST COMPANY
1100 N MARKET ST, RODNEY SQ N
WILMINGTON, DE 19890
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
1/3/2007
Loan Approval Gross Amount
$434,700
Loan Approval from the SBA
Of the total $434,700 loan amount, the SBA guaranteed $326,025.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 100 employees. The SBA loan application for the borrower indicated that the loan would help generate 15 new jobs and retain 100 existing jobs.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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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SBA Banks in Wilmington, Delaware
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