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May 3, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Baltimore, Business Loans > Carrollton Bank Baltimore Business Loans > Motor Vehicle Supplies And New Parts Loan | ||||
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Good Banks for Millersville Businesses
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Borrowing Money for Motor Vehicle Parts WholesalersLooking for loans for motor vehicle parts wholesalers? Talk to a banker who works with the SBA. This $150,000 motor vehicle parts wholesalers loan was issued by a Maryland bank. This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Carrollton Bank, out of Baltimore, Maryland. The loan was granted and they received $150,000 to help grow their Millersville, Maryland business. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS SBA Loan Lender CARROLLTON BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5013 - Motor Vehicle Supplies and New Parts NAICS Code 421140 - Motor Vehicle Parts Wholesalers Loan Approval Date 9/13/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Good Banks for Small Business in Baltimore, Maryland Where to Get an SBA Loan Maryland
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