The Columbia Bank SBA Loan to Operative Builders Company

Looking to get a Maryland SBA loan? Here's one Maryland business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Silver Spring, Maryland, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was The Columbia Bank, based in Greenbelt, Maryland.

SBA Loan Borrower

COMPANY TYPE: OPERATIVE BUILDERS
SILVER SPRING, MD 20902

SBA Loan Lender

THE COLUMBIA BANK
7505 GREENWAY CENTER DR
GREENBELT, MD 20770

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

1531 - Operative Builders

Loan Approval Date

5/9/2000

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 an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the company planned 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?

Every year, the SBA guarantees over $10 billion for loans just like this one.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Advice on Getting a Small Business Loan

Best Banks in Greenbelt, Maryland

Maryland SBA Bank Lenders