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May 15, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Columbia, Business Loans > The Columbia Bank Columbia Business Loans > Electronic Components Loan | ||||
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Maryland SBA Lenders
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Columbia, Maryland Lender Lends Money to Electronic Components CompanyThinking about meeting with a Columbia, Maryland bank about a business loan? Here's one Maryland business loan, issued by a Columbia bank, that was approved by the SBA. Applying for an SBA loan with The Columbia Bank worked out well for our friends at one local business in Frederick, Maryland. The business was able to get an SBA loan for $400,000. Way to go! SBA Loan Borrower COMPANY TYPE: ELECTRONIC COMPONENTS SBA Loan Lender THE COLUMBIA BANK This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3679 - Electronic Components NAICS Code 334419 - Electronic Component Manufacturing Loan Approval Date 6/15/2000 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $360,000. 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 40 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $400,000 loan. Remember, if it to be, it is up to me! 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: SBA 7A Banks for Columbia, Maryland Loans
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