Waste Collection Commercial Loans

With these commercial loans for waste collection, the SBA guarantees the lender that the loan will be repaid. This waste collection loan for $50,000 was given to a Maryland entrepreneur in 2003.

This business knew how to go about getting a business bank loan. Based in Woobine, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was New Windsor State Bank, based in New Windsor, Maryland.

SBA Loan Borrower

COMPANY TYPE: LOCAL TRUCKING WITHOUT STORAGE
WOOBINE, MD 21797

SBA Loan Lender

NEW WINDSOR STATE BANK
213 MAIN ST
NEW WINDSOR, MD 21776

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4212 - Local Trucking Without Storage

NAICS Code

562119 - Waste Collection

Loan Approval Date

4/11/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Woobine MD, you ought to talk with a local Woobine SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Woobine businesses.

We can help you find the best banks for small businesses in Woobine or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

The Art of Bootstrapping

SBA Approved Banks in New Windsor, Maryland

Maryland SBA 7A Lenders