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November 27, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Wilmington, Business Loans > Branch Bank & Trust Wilmington Business Loans > Services Related To Advertising Loan | ||||
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Wilmington, North Carolina Bank for SBA Loans
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How to Get a Loan for Services Related to AdvertisingWith these business loans for services related to advertising, the SBA guarantees the lender that the loan will be repaid. This services related to advertising loan for $45,000 was given to a North Carolina entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wilmington, North Carolina was able to borrow $45,000 from Branch Bank & Trust. The SBA made the loan possible by guaranteeing $38,250 of this North Carolina small business loan. SBA Loan Borrower COMPANY TYPE: SERVICES RELATED TO ADVERTISING SBA Loan Lender BRANCH BANK & TRUST This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541890 - Services Related to Advertising Loan Approval Date 11/25/2003 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $38,250. 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 SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Branch Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA 7A Lenders in Wilmington, North Carolina Browse All Business Loan Sources for North Carolina
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