Mount Airy, North Carolina Bank Lends Money to Die-Cut Paper And Paperboard Office Supplies Manufacturing Company in Sparta, North Carolina

Thinking about meeting with a Mount Airy, North Carolina bank about an SBA loan? Here's one North Carolina business loan, issued by a Mount Airy bank, that was approved by the SBA.

Applying for an SBA loan with Surrey Bank & Trust worked out well for our friends at one local business in Sparta, North Carolina. They received an SBA loan for $542,400. Nice!

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

1/7/2005

Loan Approval Gross Amount

$542,400

Loan Approval from the SBA

Of the total $542,400 loan amount, the SBA guaranteed $406,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 86 employees. This SBA loan request indicated that the loan would help generate 25 new jobs and retain 111 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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