Mount Airy, North Carolina Bank Lends Money to Site Preparation Contractors Company in Pinnacle, North Carolina
Want to talk with a Mount Airy, North Carolina bank about a small business loan? Here's one North Carolina business loan, issued by a Mount Airy bank, that was approved by the SBA.
Applying for an SBA loan with Surrey Bank & Trust worked out well for our friends at one local firm in Pinnacle, North Carolina. The business was able to get an SBA loan for $81,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: SITE PREPARATION CONTRACTORS
PINNACLE, NC 27043
SBA Loan Lender
SURREY BANK & TRUST
145 N RENFRO ST
MOUNT AIRY, NC 27030
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
238910 - Site Preparation Contractors
Loan Approval Date
12/13/2007
Loan Approval Gross Amount
$81,000
Loan Approval from the SBA
Of the total $81,000 loan amount, the SBA guaranteed $68,850.
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 retain 2 existing jobs.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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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