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May 6, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Oakland, Business Loans > Innovative Bank Oakland Business Loans > Video Tape And Disc Rental Loan | ||||
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SBA Lender Maryland
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Upper Marlboro (marlboro), Maryland Business Gets SBA-Guaranteed Funding from Innovative BankAn SBA loan from Innovative Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Upper Marlboro (marlboro), Maryland business owner got a $6,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Upper Marlboro (marlboro), Maryland was able to borrow $6,000 from Innovative Bank. The SBA made the loan possible by guaranteeing $5,100 of this Maryland small business loan. SBA Loan Borrower COMPANY TYPE: VIDEO TAPE AND DISC RENTAL SBA Loan Lender INNOVATIVE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 532230 - Video Tape and Disc Rental Loan Approval Date 7/1/2004 Loan Approval Gross Amount $6,000 Loan Approval from the SBA Of the total $6,000 loan amount, the SBA guaranteed $5,100. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Innovative Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: How Much Venture Capital Is There? Small Business Banks in Oakland, California
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