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May 15, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Columbia, Business Loans > The Columbia Bank Columbia Business Loans > No Industry Type Specified Loan | ||||
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Maryland Bank SBA Loans
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The Columbia Bank SBA Loan to No Industry Type Specified CompanyWant a Maryland small business loan? Here's one Maryland business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bethesda, Maryland was able to borrow $200,000 from The Columbia Bank. The SBA made the loan possible by guaranteeing $100,000 of this Maryland small business loan. SBA Loan Borrower COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED SBA Loan Lender THE COLUMBIA BANK The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code Loan Approval Date 11/14/2003 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 Banks in Columbia, Maryland
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