Raleigh, North Carolina Business Gets SBA-Guaranteed Funding from Capital Bank

An SBA loan from Capital Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Raleigh, North Carolina business owner got a $157,500 loan.

This growing company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Capital Bank, out of Raleigh, North Carolina. The loan was granted and they received $157,500 to help grow their Raleigh, North Carolina business.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
RALEIGH, NC 27604

SBA Loan Lender

CAPITAL BANK
333 FAYETTEVILLE ST, STE 102
RALEIGH, NC 27601

This commercial loan was granted by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA provides a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

5/22/2003

Loan Approval Gross Amount

$157,500

Loan Approval from the SBA

Of the total $157,500 loan amount, the SBA guaranteed $118,125.

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 only one employee. The SBA loan documents did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Capital Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

SBIR Funding

SBA Approved Banks in Raleigh, North Carolina

SBA North Carolina Banks