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May 13, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Wilmington, Business Loans > Suntrust Bank Wilmington Business Loans > Retail Stores Loan | ||||
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Clemmons, North Carolina Bank for SBA Loans
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Store Retailers Commercial LoansLooking for commercial loans for store retailers? Talk to a banker who works with the SBA. This $100,000 store retailers loan was issued by a North Carolina bank. This business knew how to go about getting a business bank loan. Based in Clemmons, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Suntrust Bank, based in Wilmington, North Carolina. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender SUNTRUST BANK This lender issued this particular loan for a small business 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 5999 - Retail Stores NAICS Code 453998 - Store Retailers Loan Approval Date 11/13/2001 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 14 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Where to Get an SBA Loan in Wilmington, North Carolina
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