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May 16, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Lexington Park, Business Loans > Maryland Bank & Trust Natl Lexington Park Business Loans > Women's Clothing Stores Loan | ||||
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Maryland Bank & Trust Natl
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SBA Loan from Maryland Bank & Trust Natl Helps Women's Clothing Stores CompanyMaryland Bank & Trust Natl has a track record as a leading provider of SBA loans. Find out how this Maryland entrepreneur received an SBA loan from them. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Maryland Bank & Trust Natl, out of Lexington Park, Maryland. The loan was granted and they received $70,000 to help grow their Waldorf, Maryland business. SBA Loan Borrower COMPANY TYPE: WOMEN'S CLOTHING STORES SBA Loan Lender MARYLAND BANK & TRUST NATL This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5621 - Women's Clothing Stores NAICS Code 448190 - Clothing Stores Loan Approval Date 10/16/2001 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $52,500. 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 31 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you have been wondering how do i get money to start a business in Waldorf MD, you ought to talk with a local Waldorf SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Waldorf businesses. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Who Lends Money to Small Businesses in Lexington Park, Maryland
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