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May 10, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Lexington Park, Business Loans > Maryland Bank & Trust Natl Lexington Park Business Loans > Plumbing, Heating, And Air-Conditioning Loan | ||||
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SBA Lenders in Maryland
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SBA Loan from Maryland Bank & Trust Natl Helps Plumbing, Heating, And Air-Conditioning CompanyAn SBA loan from Maryland Bank & Trust Natl typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Crofton, Maryland business owner got a $350,000 loan. This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Maryland Bank & Trust Natl, out of Lexington Park, Maryland. The loan was granted and they received $350,000 to help grow their Crofton, Maryland business. SBA Loan Borrower COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING SBA Loan Lender MARYLAND BANK & TRUST NATL The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1711 - Plumbing, Heating, and Air-Conditioning NAICS Code 235110 - Plumbing, Heating, and Air Conditioning Contractors Loan Approval Date 11/9/2000 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. 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 30 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Crofton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Banks in Lexington Park, Maryland
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