Raising Money for Personal Services

Looking for business loans for personal services? The SBA may be the answer. This $23,000 personal services loan was issued by a Maryland bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Boonsboro, Maryland was able to borrow $23,000 from The Fidelity Bank. The SBA made the loan possible by guaranteeing $19,550 of this Maryland small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
BOONSBORO, MD 21713

SBA Loan Lender

THE FIDELITY BANK
128 W WASHINGTON ST
HAGERSTOWN, MD 21740

This lender issued this particular SBA small business 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

7299 - Personal Services

NAICS Code

812990 - Personal Services

Loan Approval Date

2/27/2001

Loan Approval Gross Amount

$23,000

Loan Approval from the SBA

Of the total $23,000 loan amount, the SBA guaranteed $19,550.

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 2 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Boonsboro MD, you ought to talk with a local Boonsboro SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Boonsboro businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Fidelity Bank and they will explain how you can get an SBA loan for your company.

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:

Business Line of Credit

SBA Banks in Hagerstown, Maryland

SBA Lenders in Maryland