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May 20, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Dunn, Business Loans > New Century Bank Dunn Business Loans > Beauty Salons Loan | ||||
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Dunn, North Carolina SBA 7A Banks
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Dunn, North Carolina Bank Gives SBA Loan to Beauty Salons CompanyThinking about meeting with a Dunn, North Carolina bank about a small business loan? Here's one North Carolina business loan, issued by a Dunn bank, that was approved by the SBA. Applying for an SBA loan with New Century Bank worked out well for our friends at one local company in Raleigh, North Carolina. They received an SBA loan for $375,000. Sweet! SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender NEW CENTURY BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 5/30/2006 Loan Approval Gross Amount $375,000 Loan Approval from the SBA Of the total $375,000 loan amount, the SBA guaranteed $281,250. 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 6 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like New Century Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Find an SBA Lender in Dunn, North Carolina
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