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November 15, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Fuquay Varina, Business Loans > The Fidelity Bank Fuquay Varina Business Loans > Beauty Shops Loan | ||||
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North Carolina Bank SBA Loans
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The Fidelity Bank SBA Loan to Beauty Shops CompanySearching for a North Carolina SBA loan? Here's one North Carolina business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Wake Forest, North Carolina, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was The Fidelity Bank, based in Fuquay Varina, North Carolina. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender THE FIDELITY BANK This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with borrowing money. The low-doc program is quick, requiring 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. SIC Code 7231 - Beauty Shops Loan Approval Date 9/18/2000 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $20,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels 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. We've showcased information on this loan to let you know that businesses like yours 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. Related Links: How Much Venture Capital Is There? Small Business Banks in Fuquay Varina, North Carolina Find an SBA Lender in North Carolina
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