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May 2, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Raleigh, Business Loans > First-Citizens Bank & Trust Raleigh Business Loans > Lawn And Garden Services Loan | ||||
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SBA Lender Raleigh, North Carolina
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Raleigh, North Carolina Bank Lends Money to Lawn And Garden Services Company in Charlotte, North CarolinaWant to talk with a Raleigh, North Carolina bank about a small business loan? Here's one North Carolina business loan, issued by a Raleigh bank, that was approved by the SBA. Applying for an SBA loan with First-Citizens Bank & Trust worked out well for our friends at one local business in Charlotte, North Carolina. They received an SBA loan for $34,250. Nice! SBA Loan Borrower COMPANY TYPE: LAWN AND GARDEN SERVICES SBA Loan Lender FIRST-CITIZENS BANK & TRUST This lender issued this particular 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 0782 - Lawn and Garden Services NAICS Code 561730 - Landscaping Services Loan Approval Date 1/8/2002 Loan Approval Gross Amount $34,250 Loan Approval from the SBA Of the total $34,250 loan amount, the SBA guaranteed $29,112. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Raleigh, North Carolina Banks for Small Business
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