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January 2, 2025 |
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| Home > Small Business Lenders by State > Business Loan Sources > Hagatna, Business Loans > The Bank Of Guam Hagatna Business Loans > Radiotelephone Communications Loan | ||||
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SBA Loan from The Bank Of Guam
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Business Loan from The Bank Of Guam Given to Radiotelephone Communications CompanyThe Bank Of Guam has a track record as a leading provider of SBA loans. Find out how this entrepreneur received an SBA loan from them. This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with The Bank Of Guam, out of Hagatna, . The loan was granted and they received $126,000 to help grow their Saipan, business. SBA Loan Borrower COMPANY TYPE: RADIOTELEPHONE COMMUNICATIONS SBA Loan Lender THE BANK OF GUAM This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4812 - Radiotelephone Communications NAICS Code 513322 - Cellular and Wireless Loan Approval Date 11/21/2000 Loan Approval Gross Amount $126,000 Loan Approval from the SBA Of the total $126,000 loan amount, the SBA guaranteed $94,500. 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 11 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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 $126,000 loan. Remember, if it to be, it is up to me! 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:
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