Winston Salem, North Carolina Bank Lends Money to Personal Services Company in Raleigh, North Carolina

Thinking about meeting with a Winston Salem, North Carolina bank about an SBA loan? Here's one North Carolina business loan, issued by a Winston Salem bank, that was approved by the SBA.

Applying for an SBA loan with Branch Bank & Trust worked out well for our friends at one local company in Raleigh, North Carolina. They received an SBA loan for $242,300. Great job!

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
RALEIGH, NC 27615

SBA Loan Lender

BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101

This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

812990 - Personal Services

Loan Approval Date

10/4/2005

Loan Approval Gross Amount

$242,300

Loan Approval from the SBA

Of the total $242,300 loan amount, the SBA guaranteed $121,150.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 32 employees. The SBA loan application for the borrower indicated that the loan would help generate 16 new jobs and retain 32 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Raleigh NC, you ought to talk with a local Raleigh SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Raleigh businesses.

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 Branch Bank & Trust 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.

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Banks in Winston Salem, North Carolina

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