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May 18, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Washington, Business Loans > First South Bank Washington Business Loans > Farm Supplies Wholesalers Loan | ||||
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How to Get an SBA Loan in Greenville, North Carolina
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Greenville, North Carolina Entrepreneur Gets a Business LoanNorth CarolinaSBA loans are available to North Carolina entrepreneurs through the SBA. In this case, a North Carolina bank provides the loan. You can learn something about getting a small business loan in Greenville, North Carolina by studying this loan to a local business, made back in 2003. Banks like First South Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: FARM SUPPLIES WHOLESALERS SBA Loan Lender FIRST SOUTH BANK 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 commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 422910 - Farm Supplies Wholesalers Loan Approval Date 3/13/2003 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 35 employees. The SBA loan documents 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 For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We can help you find the best banks for small businesses in Greenville 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: SBA 7A Banks for Washington, North Carolina Loans
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