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May 15, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Columbia, Business Loans > The Columbia Bank Columbia Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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Columbia Bank Loan
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Entrepreneur Works With Columbia, Maryland Bank to Get an SBA LoanThinking about meeting with a Columbia, Maryland bank about a business loan? Here's one Maryland business loan, issued by a Columbia bank, that was approved by the SBA. Applying for an SBA loan with The Columbia Bank worked out well for our friends at one local business in Mount Rainier, Maryland. The business was able to get an SBA loan for $525,000. Great job! SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender THE COLUMBIA BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 1/30/2004 Loan Approval Gross Amount $525,000 Loan Approval from the SBA Of the total $525,000 loan amount, the SBA guaranteed $393,750. 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. This SBA loan request indicated that the borrowed money would help generate 6 new jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $525,000 loan. Remember, anyone can do it... so why not you? 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: Best Banks for Small Business in Columbia, Maryland Browse All Business Loan Sources for Maryland
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