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May 18, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Waldorf, Business Loans > Community Bank Of Tri-County Waldorf Business Loans > Cable And Other Pay Television Services Loan | ||||
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Banks That Lend to Maryland Small Businesses
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Severn, Maryland Entrepreneur Gets a Bank LoanSmall business loans in Maryland are are few and far betweeen these days. We take a look at one Maryland small business loan, provided by a Maryland bank, that was approved by the SBA. By giving the right information to Community Bank Of Tri-County, this Severn, Maryland business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: CABLE AND OTHER PAY TELEVISION SERVICES SBA Loan Lender COMMUNITY BANK OF TRI-COUNTY This lender issued this bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4841 - Cable and Other Pay Television Services NAICS Code 234920 - Power and Communication Transmission Line Construction Loan Approval Date 10/3/2000 Loan Approval Gross Amount $225,000 Loan Approval from the SBA Of the total $225,000 loan amount, the SBA guaranteed $168,750. 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 11 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA Approved Banks in Waldorf, Maryland
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