Business Loan from Newbridge Bank Given to Chiropractors Company

An SBA loan from Newbridge Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Wilmington, North Carolina business owner got a $200,000 loan.

Getting a small business loan in Wilmington, North Carolina was an essential business goal for this firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Newbridge Bank, operating out of Wilmington, North Carolina. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
WILMINGTON, NC 28406

SBA Loan Lender

NEWBRIDGE BANK
704 S COLLEGE RD
WILMINGTON, NC 28403

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Chiropractors

Loan Approval Date

5/3/2001

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 application for the borrower did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Newbridge Bank and they will explain how you can get an SBA loan for your company.

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:

Understanding Dilution

SBA Approved Banks in Wilmington, North Carolina

North Carolina SBA Banks