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November 15, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Bethesda, Business Loans > Eaglebank Bethesda Business Loans > Tiller Window Designs Loan | ||||
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Raising Money in Upper Marlboro, Maryland With SBA Loans
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Maryland Entrepreneur Secures Financing to Buy Budget Blinds FranchiseNeed money to invest in a Budget Blinds franchise? Eaglebank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Upper Marlboro, Maryland needed money to invest in a Budget Blinds franchise back in 2005. Eaglebank issued an SBA franchise loan. Here are the details on this Maryland small business loan. SBA Loan Borrower TILLER WINDOW DESIGNS SBA Loan Lender EAGLEBANK This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442291 - Window Treatment Stores Loan Approval Date 4/20/2005 Loan Approval Gross Amount $96,000 Loan Approval from the SBA Of the total $96,000 loan amount, the SBA guaranteed $81,600. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Budget Blinds franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Eaglebank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Small Bank Loans in Bethesda, Maryland Where to Get an SBA Loan Maryland
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