Financing for Special Trade Contractors

Looking for commercial loans for special trade contractors? Talk to a banker who works with the SBA. This $966,000 special trade contractors loan was issued by a North Carolina bank.

This business knew how to go about getting a business bank loan. Based in Pineville, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was First Charter Bank, based in Charlotte, North Carolina.

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
PINEVILLE, NC 28134

SBA Loan Lender

FIRST CHARTER BANK
8601 J M KEYNES DR
CHARLOTTE, NC 28262

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1799 - Special Trade Contractors

NAICS Code

235990 - Special Trade Contractors

Loan Approval Date

2/13/2001

Loan Approval Gross Amount

$966,000

Loan Approval from the SBA

Of the total $966,000 loan amount, the SBA guaranteed $724,500.

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 36 employees. This SBA loan request 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

Every year, the SBA guarantees over $10 billion for loans just like this one.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Charter Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Accountant's Role in Securing Financing

Where to Get an SBA Loan in Charlotte, North Carolina

Getting an SBA Loan in North Carolina