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November 15, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Annapolis, Business Loans > Anne Arundel Economic Develop. Annapolis Business Loans > Eating Places Loan | ||||
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SBA Lenders Maryland
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Annapolis, Maryland Bank Lends Money to Eating Places Company in Severna Park, MarylandWant to talk with an Annapolis, Maryland bank about an SBA loan? Here's one Maryland business loan, issued by an Annapolis bank, that was approved by the SBA. Applying for an SBA loan with Anne Arundel Economic Develop. worked out well for our friends at one local firm in Severna Park, Maryland. They received an SBA loan for $130,000. Great job! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender ANNE ARUNDEL ECONOMIC DEVELOP. The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 12/14/2000 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $97,500. 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 6 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? 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: Best Banks in Annapolis, Maryland
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