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May 5, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Towson, Business Loans > Manufacturers & Traders Trust Towson Business Loans > Floor Laying And Other Floor Work Loan | ||||
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Baltimore, Maryland Bank for SBA Loans
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Get an SBA Loan for Floor Laying and Floor ContractorsWith these loans for floor laying and floor contractors, the SBA guarantees the lender that the loan will be repaid. This floor laying and floor contractors loan for $100,000 was given to a Maryland entrepreneur in 2002. This company knew how to go about getting a business bank loan. Based in Baltimore, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Manufacturers & Traders Trust, based in Towson, Maryland. SBA Loan Borrower COMPANY TYPE: FLOOR LAYING AND OTHER FLOOR WORK SBA Loan Lender MANUFACTURERS & TRADERS TRUST This lender issued this particular SBA 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. SIC Code 1752 - Floor Laying and Other Floor Work NAICS Code 235520 - Floor Laying and Floor Contractors Loan Approval Date 8/30/2002 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. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Raising VC Money for Social Networking Companies Best Towson, Maryland Banks for Small Business Where to Get an SBA Loan Maryland
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