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May 16, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Greenbelt, Business Loans > The Columbia Bank Greenbelt Business Loans > Services Loan | ||||
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Maryland Bank SBA Loans
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The Columbia Bank SBA Loan to Services CompanyWant a Maryland SBA 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 Burtonsville, Maryland was able to borrow $80,000 from The Columbia Bank. The SBA made the loan possible by guaranteeing $64,000 of this Maryland small business loan. SBA Loan Borrower COMPANY TYPE: SERVICES SBA Loan Lender THE COLUMBIA BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8999 - Services Loan Approval Date 4/12/2000 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $64,000. 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 15 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $80,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Small Business Banks in Greenbelt, Maryland Browse All Business Loan Sources for Maryland
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