Entrepreneur Works With Bethesda, Maryland Bank to Get an SBA Loan

Get to know Bethesda, Maryland banks that specialize in small business loans and know how to work with entrepreneurs. Presidential Bank, Fsb is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Seabrook, Maryland starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Presidential Bank, Fsb. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS
SEABROOK, MD 20706

SBA Loan Lender

PRESIDENTIAL BANK, FSB
4520 EAST-WEST HWY
BETHESDA, MD 20814

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7538 - General Automotive Repair Shops

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

9/18/2000

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $36,000.

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 only one employee. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in Seabrook MD, you ought to talk with a local Seabrook SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Seabrook businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Presidential Bank, Fsb so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

Who Lends Money to Small Businesses in Bethesda, Maryland

Maryland SBA Bank Lenders

Banks Doing SBA Loans in Maryland

Entrepreneur Works With Bethesda, Maryland Bank to Get an SBA Loan