Raising Money for Financial Investment Activities

Looking for bank loans for financial investment activities? Try the SBA. This $150,000 financial investment activities loan was issued by a North Carolina bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Raleigh, North Carolina was able to borrow $150,000 from The Fidelity Bank. The SBA made the loan possible by guaranteeing $127,500 of this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: SERVICES ALLIED WITH THE EXCHANGE OF SECURITIES
RALEIGH, NC 27609

SBA Loan Lender

THE FIDELITY BANK
5220 FALLS OF THE NEUSE RD
RALEIGH, NC 27609

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6289 - Services Allied With the Exchange of Securities

NAICS Code

523999 - Financial Investment Activities

Loan Approval Date

4/10/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, things become real when you believe you can achieve them!

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:

Strategic Investors

Small Bank Loans in Raleigh, North Carolina

SBA Lenders in North Carolina