Borrowing Money for General Freight Trucking, Local

Looking for loans for general freight trucking, local? The SBA may be the answer. This $112,000 general freight trucking, local loan was issued by a North Carolina bank.

This small firm knew how to go about getting a business bank loan. Based in Pantego, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Southern Bank & Trust, based in Belhaven, North Carolina.

SBA Loan Borrower

COMPANY TYPE: LOCAL TRUCKING WITH STORAGE
PANTEGO, NC 27860

SBA Loan Lender

SOUTHERN BANK & TRUST
148 E MAIN ST
BELHAVEN, NC 27810

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4214 - Local Trucking With Storage

NAICS Code

484110 - General Freight Trucking, Local

Loan Approval Date

6/4/2002

Loan Approval Gross Amount

$112,000

Loan Approval from the SBA

Of the total $112,000 loan amount, the SBA guaranteed $95,200.

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 2 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Pantego NC, you ought to talk with a local Pantego SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pantego businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Southern Bank & Trust are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Debt Financing

Best Banks for Small Business in Belhaven, North Carolina

North Carolina SBA Bank Lenders