Financing for Engineering Services

Looking for loans for engineering services? Talk to a banker who works with the SBA. This $201,600 engineering services loan was issued by a North Carolina bank.

This small firm knew how to go about getting a business bank loan. Based in North Palm Beach, Florida, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Wachovia Bank, based in Winston Salem, North Carolina.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
NORTH PALM BEACH, FL 33408

SBA Loan Lender

WACHOVIA BANK
100 N MAIN ST
WINSTON SALEM, NC 27101

This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

541330 - Engineering Services

Loan Approval Date

5/13/2003

Loan Approval Gross Amount

$201,600

Loan Approval from the SBA

Of the total $201,600 loan amount, the SBA guaranteed $100,800.

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 2 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $201,600 loan. Remember, fight for what you want, and it will be yours!

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:

Business Credit Evaluation

Small Bank Loans in Winston Salem, North Carolina

SBA North Carolina Lenders