Mount Airy, North Carolina Bank Lends Money to Switchgear And Switchboard Apparatus Manufacturing Company in Lexington, North Carolina

Thinking about meeting with a Mount Airy, North Carolina bank about a small business loan? Here's one North Carolina business loan, issued by a Mount Airy bank, that was approved by the SBA.

Applying for an SBA loan with Surrey Bank & Trust worked out well for our friends at one local firm in Lexington, North Carolina. They got an SBA loan for $30,000. Nice!

SBA Loan Borrower

COMPANY TYPE: SWITCHGEAR AND SWITCHBOARD APPARATUS MANUFACTURING
lexington, NC 27295

SBA Loan Lender

SURREY BANK & TRUST
145 N RENFRO ST
MOUNT AIRY, NC 27030

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

335313 - Switchgear and Switchboard Apparatus Manufacturing

Loan Approval Date

7/21/2005

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

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 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $30,000 loan. Remember, feel the fear, and do it anyway.

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:

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