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April 18, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Raleigh, Business Loans > Rbc Centura Bank Raleigh Business Loans > Furniture Stores Loan | ||||
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Selma, Alabama Bank Loan
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Furniture Stores Small Business LoansLooking for small business loans for furniture stores? Talk to a banker who works with the SBA. This $350,000 furniture stores loan was issued by a North Carolina bank. This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Rbc Centura Bank, out of Raleigh, North Carolina. The loan was granted and they received $350,000 to help grow their Selma, Alabama business. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender RBC CENTURA BANK The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 442110 - Furniture Stores Loan Approval Date 10/29/2007 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $175,000. 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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Rbc Centura Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Accountant's Role in Securing Financing SBA Banks in Raleigh, North Carolina
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