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May 14, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Columbia, Business Loans > The Columbia Bank Columbia Business Loans > Janitorial Services Loan | ||||
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SBA Lenders Maryland
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Columbia, Maryland Lender Lends Money to Janitorial Services CompanyThinking 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 firm in Rockville, Maryland. The business was able to get an SBA loan for $650,000. Awesome! SBA Loan Borrower COMPANY TYPE: JANITORIAL SERVICES SBA Loan Lender THE COLUMBIA BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561720 - Janitorial Services Loan Approval Date 9/18/2002 Loan Approval Gross Amount $650,000 Loan Approval from the SBA Of the total $650,000 loan amount, the SBA guaranteed $487,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 53 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 58 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. This SBA loan was for $650,000. How would you spend $650,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 in Columbia, Maryland
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