North Carolina SBA Loan Issued to Perishable Prepared Food Manufacturing Company

Looking to get a North Carolina bank loan? This North Carolina entrepreneur got a bank loan, provided by a North Carolina bank that works with the SBA to help small business owners.

You can learn something about getting a small business loan in Morganton, North Carolina by studying this loan to a local company, made back in 2006. Banks like Bank Of Granite may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: PERISHABLE PREPARED FOOD MANUFACTURING
MORGANTON, NC 28655

SBA Loan Lender

BANK OF GRANITE
201 E MEETING ST
MORGANTON, NC 28655

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 loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311991 - Perishable Prepared Food Manufacturing

Loan Approval Date

4/12/2006

Loan Approval Gross Amount

$378,420

Loan Approval from the SBA

Of the total $378,420 loan amount, the SBA guaranteed $283,815.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the funding would help generate 1 new job.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Obtaining Funding - Getting Venture Capital

Where to Get an SBA Loan in Morganton, North Carolina

SBA North Carolina Lenders