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May 20, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Westminster, Business Loans > New Windsor State Bank Westminster Business Loans > Transportation Equipment Manufacturing Loan | ||||
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New Windsor State Bank
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New Windsor State Bank SBA Loan to Transportation Equipment Manufacturing CompanyAn SBA loan from New Windsor State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Westminster, Maryland business owner got a $85,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with New Windsor State Bank, out of Westminster, Maryland. The loan was granted and they received $85,000 to help grow their Westminster, Maryland business. SBA Loan Borrower COMPANY TYPE: TRANSPORTATION EQUIPMENT MANUFACTURING SBA Loan Lender NEW WINDSOR STATE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 336999 - Transportation Equipment Manufacturing Loan Approval Date 9/22/2005 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $72,250. 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 3 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Good Banks for Small Business in Westminster, Maryland Browse All Business Loan Sources for Maryland
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