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May 14, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Hickory, Business Loans > Bank Of Granite Hickory Business Loans > Hosiery And Sock Mills Loan | ||||
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Raising Money in Hudson, North Carolina With SBA Loans
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North Carolina SBA Loan Issued to Hosiery And Sock Mills CompanyNorth CarolinaSBA loans are available to North Carolina entrepreneurs through the SBA. In this case, a North Carolina bank provides the loan. Getting a small business loan in Hudson, North Carolina was a top priority for this particular business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Granite. Here are the details on this North Carolina small business loan. SBA Loan Borrower COMPANY TYPE: HOSIERY AND SOCK MILLS SBA Loan Lender BANK OF GRANITE This commercial loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 315119 - Hosiery and Sock Mills Loan Approval Date 5/15/2003 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. 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 166 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of Granite and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Small Business Banks in Hickory, North Carolina
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