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May 4, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Gastonia, Business Loans > Citizens South Bank Gastonia Business Loans > Aircraft Parts And Auxiliary Equipment, N.E.C Loan | ||||
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Gastonia SBA Lenders
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Gastonia, North Carolina Bank Gives SBA Loan to Aircraft Parts And Auxiliary Equipment, N.E.C CompanyWant to talk with a Gastonia, North Carolina bank about a small business loan? Here's one North Carolina business loan, issued by a Gastonia bank, that was approved by the SBA. Applying for an SBA loan with Citizens South Bank worked out well for our friends at one local business in Charlotte, North Carolina. They received an SBA loan for $60,000. Great job! SBA Loan Borrower COMPANY TYPE: AIRCRAFT PARTS AND AUXILIARY EQUIPMENT, N.E.C SBA Loan Lender CITIZENS SOUTH BANK 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 3728 - Aircraft Parts and Auxiliary Equipment, N.E.C NAICS Code Loan Approval Date 11/1/2001 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 2 employees. The loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Best Banks for Small Business in Gastonia, North Carolina
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