Entrepreneur Works With Winston Salem, North Carolina Bank to Get an SBA Loan
Want to talk with a Winston Salem, North Carolina bank about a business loan? Here's one Virginia 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 Ringgold, Virginia. They received an SBA loan for $247,500. Way to go!
SBA Loan Borrower
COMPANY TYPE: CONVENIENCE STORES
RINGGOLD, VA 24586
SBA Loan Lender
BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101
This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
445120 - Convenience Stores
Loan Approval Date
9/21/2006
Loan Approval Gross Amount
$247,500
Loan Approval from the SBA
Of the total $247,500 loan amount, the SBA guaranteed $123,750.
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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.
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.
This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? 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:
Determining Proper Capital Structure for a Business
Find an SBA Lender in Winston Salem, North Carolina
North Carolina SBA Bank Lenders