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May 17, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Durham, Business Loans > Self-Help Cu Durham Business Loans > Personal Services Loan | ||||
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Self-Help Cu Asheville, North Carolina
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Business Loan from Self-Help Cu Given to Personal Services CompanyAn SBA loan from Self-Help Cu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Asheville, North Carolina business owner got a $99,950 loan. This small firm knew how to go about getting a business bank loan. Based in Asheville, North Carolina, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Self-Help Cu, based in Durham, North Carolina. SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender SELF-HELP CU This lender issued this particular debt financing 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. SIC Code 7299 - Personal Services NAICS Code 812199 - Personal Care Services Loan Approval Date 1/15/2003 Loan Approval Gross Amount $99,950 Loan Approval from the SBA Of the total $99,950 loan amount, the SBA guaranteed $84,957. 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 only one employee. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Banks for Durham, North Carolina Loans
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