Unity Bank SBA Loan to Gasoline Service Stations Company
Want a Maryland small business loan? Here's one Maryland business loan that was approved by the SBA.
This small business needed an SBA business loan in Pocomoke City, Maryland back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Unity Bank, operating out of Clinton, New Jersey. Here are the details on this Maryland small business loan.
SBA Loan Borrower
COMPANY TYPE: GASOLINE SERVICE STATIONS
POCOMOKE CITY, MD 21851
SBA Loan Lender
UNITY BANK
64 OLD HWY 22
CLINTON, NJ 08809
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5541 - Gasoline Service Stations
Loan Approval Date
5/1/2000
Loan Approval Gross Amount
$430,000
Loan Approval from the SBA
Of the total $430,000 loan amount, the SBA guaranteed $322,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
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 company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:
Role of Business Plan When Raising Money
Find an SBA Lender in Clinton, New Jersey
New Jersey SBA 7A Lenders