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November 15, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Salisbury, Business Loans > Community Bank Of Rowan Salisbury Business Loans > Lessors Of Residential Buildingsv And Dwellings Loan | ||||
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Salisbury Bank Loan
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Salisbury, North Carolina Bank Gives SBA Loan to Lessors Of Residential Buildingsv And Dwellings CompanyA Salisbury, North Carolina business loan can be yours. Learn how one firm got a $972,900 business loan from this North Carolina bank. This loan to an entrepreneur is a good example of an SBA loan. Community Bank Of Rowan made the loan and the SBA guaranteed a portion of the loan. Many other North Carolina entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: LESSORS OF RESIDENTIAL BUILDINGSV AND DWELLINGS SBA Loan Lender COMMUNITY BANK OF ROWAN This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 531110 - Lessors of Residential Buildingsv and Dwellings Loan Approval Date 12/27/2007 Loan Approval Gross Amount $972,900 Loan Approval from the SBA Of the total $972,900 loan amount, the SBA guaranteed $729,675. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community Bank Of Rowan are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Banks in Salisbury, North Carolina
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