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May 16, 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 > Medical, Dental And Hospital Equipment Loan | ||||
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Maryland SBA Lenders
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Lexington Park, Maryland Bank Gives SBA Loan to Medical, Dental And Hospital Equipment CompanyWant to talk with a Lexington Park, Maryland bank about a small business loan? Here's one Maryland business loan, issued by a Lexington Park bank, that was approved by the SBA. Applying for an SBA loan with Maryland Bank & Trust Natl worked out well for our friends at one local business in Laplata, Maryland. They got an SBA loan for $350,000. Way to go! SBA Loan Borrower COMPANY TYPE: MEDICAL, DENTAL AND HOSPITAL EQUIPMENT SBA Loan Lender MARYLAND BANK & TRUST NATL SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5047 - Medical, Dental and Hospital Equipment NAICS Code 421450 - Medical, Dental, and Hospital Equipment and Supplies Wholesalers Loan Approval Date 7/25/2002 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 a new 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 6 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Where to Get an SBA Loan in Lexington Park, Maryland
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