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May 3, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Charlotte, Business Loans > Bank Of America Charlotte Business Loans > Wood Kitchen Cabinet And Countertop Manufacturing Loan | ||||
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Bank Of America Small Business Loan
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Wood Kitchen Cabinet and Countertop Manufacturing Bank LoansLooking for bank loans for wood kitchen cabinet and countertop manufacturing? An SBA loan may be just what you've been looking for. This $10,000 wood kitchen cabinet and countertop manufacturing loan was issued by a North Carolina bank. This small firm knew how to go about getting a business bank loan. Based in Las Vegas, Nevada, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Bank Of America, based in Charlotte, North Carolina. SBA Loan Borrower COMPANY TYPE: WOOD KITCHEN CABINET AND COUNTERTOP MANUFACTURING SBA Loan Lender BANK OF AMERICA The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 337110 - Wood Kitchen Cabinet and Countertop Manufacturing Loan Approval Date 2/23/2005 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. 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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business If you need money to start business in Las Vegas NV, you ought to talk with a local Las Vegas SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Las Vegas businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Who Lends Money to Small Businesses in Charlotte, North Carolina Getting a Business Loan in North Carolina
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