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May 18, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Olney, Business Loans > Sandy Spring Bank Olney Business Loans > General Rental Centers Loan | ||||
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Get a Business Loan in Mount Airy, Maryland
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Local Business Gets a Maryland Small Business LoanLooking to get a Maryland business loan? This Maryland entrepreneur got a business loan, provided by a Maryland bank that works with the SBA to help small business owners. This company, based in Mount Airy, Maryland, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Sandy Spring Bank. We've got the inside scoop on this Maryland small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL RENTAL CENTERS SBA Loan Lender SANDY SPRING BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 532310 - General Rental Centers Loan Approval Date 9/20/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 10 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 10 existing jobs. Next Steps for Getting an SBA Loan If you are working on finding money to start a business in Mount Airy MD, you ought to talk with a local Mount Airy SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mount Airy businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 From a Venture Capitalist
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