Local Business Gets a Maryland Bank Loan

Business loans in Maryland are hard to find these days. We take a look at one Maryland business loan, provided by a North Carolina bank, that was approved by the SBA.

Getting a small business loan in Temple Hills, Maryland was a top priority for this SBA-financed company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America. Here are the details on this Maryland small business loan.

SBA Loan Borrower

COMPANY TYPE: OFFICE SUPPLIES AND STATIONERY
TEMPLE HILLS, MD 20748

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

453210 - Office Supplies and Stationery

Loan Approval Date

8/4/2003

Loan Approval Gross Amount

$13,700

Loan Approval from the SBA

Of the total $13,700 loan amount, the SBA guaranteed $6,850.

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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Getting an SBA Loan For Your Business

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

While you may be able to find other ways to get money to start a business, 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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