Randallstown, Maryland Entrepreneur Gets a Small Business Loan

MarylandSBA loans are available to Maryland entrepreneurs through the SBA. In this case, a Maryland bank provides the loan.

Getting a small business loan in Randallstown, Maryland was a top priority for this particular business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from The Columbia Bank. Here are the details on this Maryland small business loan.

SBA Loan Borrower

COMPANY TYPE: BARBER SHOPS
RANDALLSTOWN, MD 21113

SBA Loan Lender

THE COLUMBIA BANK
1301 YORK RD
LUTHERVILLE, MD 21093

This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7241 - Barber Shops

NAICS Code

812111 - Barber Shops

Loan Approval Date

9/29/2003

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

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 5 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

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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