 |
 |
April 28, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Maryland Business Loan Sources > Baltimore, Business Loans > Development Credit Fund Inc Baltimore Business Loans > Hobby, Toy, And Game Shops Loan | ||||
 |
||||
Maryland SBA Lenders
|
||||
 |
Baltimore, Maryland Lender Lends Money to Hobby, Toy, And Game Shops CompanyWant to talk with a Baltimore, Maryland bank about an SBA loan? Here's one Maryland business loan, issued by a Baltimore bank, that was approved by the SBA. Applying for an SBA loan with Development Credit Fund Inc worked out well for our friends at one local company in Glen Burnie, Maryland. They got an SBA loan for $100,000. Way to go! SBA Loan Borrower COMPANY TYPE: HOBBY, TOY, AND GAME SHOPS SBA Loan Lender DEVELOPMENT CREDIT FUND INC This lender issued this loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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 5945 - Hobby, Toy, and Game Shops NAICS Code 451120 - Hobby, Toy, and Game Stores Loan Approval Date 5/18/2001 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 a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $100,000 loan. Remember, where there is a will, there is a way! 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 Baltimore, Maryland Loans Find an SBA Lender in Maryland
|
|
||
|
||||
|
|
||||