Get an SBA Loan for Textile Product Mills

With these small business loans for textile product mills, the SBA guarantees the lender that the loan will be repaid. This textile product mills loan for $45,998 was given to a North Carolina entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Statesville, North Carolina was able to borrow $45,998 from Bank Of Granite. The SBA made the loan possible by guaranteeing $22,999 of this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: TEXTILE PRODUCT MILLS
STATESVILLE, NC 28625

SBA Loan Lender

BANK OF GRANITE
23 N MAIN ST
GRANITE FALLS, NC 28630

The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

314999 - Textile Product Mills

Loan Approval Date

10/26/2007

Loan Approval Gross Amount

$45,998

Loan Approval from the SBA

Of the total $45,998 loan amount, the SBA guaranteed $22,999.

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 2 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Statesville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Famous Venture Capitalists

SBA 7A Lenders in Granite Falls, North Carolina

Find an SBA Lender in North Carolina