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November 22, 2024  
 
 
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Who Can Get a Business Loan in Sparta, North Carolina?

 

 
Loan Census SBA Loan Info

Financing for Die-Cut Paper and Paperboard Office Supplies Manufacturing

Looking for commercial loans for die-cut paper and paperboard office supplies manufacturing? Try the SBA. This $675,300 die-cut paper and paperboard office supplies manufacturing loan was issued by a North Carolina bank.

This business knew how to go about getting a business bank loan. Based in Sparta, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Surrey Bank & Trust, based in Mount Airy, North Carolina.

SBA Loan Borrower

COMPANY TYPE: DIE-CUT PAPER AND PAPERBOARD OFFICE SUPPLIES MANUFACTURING
SPARTA, NC 28675

SBA Loan Lender

SURREY BANK & TRUST
145 N RENFRO ST
MOUNT AIRY, NC 27030

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

322231 - Die-Cut Paper and Paperboard Office Supplies Manufacturing

Loan Approval Date

1/6/2005

Loan Approval Gross Amount

$675,300

Loan Approval from the SBA

Of the total $675,300 loan amount, the SBA guaranteed $506,475.

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 86 employees. The SBA loan application for the borrower indicated that the loan would help generate 25 new jobs and retain 86 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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