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May 18, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Annapolis, Business Loans > Commercefirst Bank Annapolis Business Loans > Women's Clothing Stores Loan | ||||
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Banks Doing SBA Loans in Maryland
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Annapolis, Maryland Lender Lends Money to Women's Clothing Stores CompanyThinking about meeting with an Annapolis, Maryland bank about a business loan? Here's one Maryland business loan, issued by an Annapolis bank, that was approved by the SBA. Applying for an SBA loan with Commercefirst Bank worked out well for our friends at one local business in Annapolis, Maryland. The business was able to get an SBA loan for $100,000. Nice! SBA Loan Borrower COMPANY TYPE: WOMEN'S CLOTHING STORES SBA Loan Lender COMMERCEFIRST BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5621 - Women's Clothing Stores NAICS Code 541490 - Specialized Design Services Loan Approval Date 5/5/2004 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for a new 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. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. This SBA loan was for $100,000. How would you spend $100,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Good Banks for Small Business in Annapolis, Maryland
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