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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 > Electricity Measuring And Testing Instruments Loan | ||||
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SBA Lender Waldorf, Maryland
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Entrepreneur Works With Waldorf, Maryland Bank to Get an SBA LoanWant to talk with a Waldorf, Maryland bank about an SBA loan? Here's one Maryland business loan, issued by a Waldorf bank, that was approved by the SBA. Applying for an SBA loan with Community Bank Of Tri-County worked out well for our friends at one local business in White Plains, Maryland. The business was able to get an SBA loan for $45,000. Great job! SBA Loan Borrower COMPANY TYPE: ELECTRICITY MEASURING AND TESTING INSTRUMENTS SBA Loan Lender COMMUNITY BANK OF TRI-COUNTY 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. SIC Code 3825 - Electricity Measuring and Testing Instruments Loan Approval Date 3/29/2000 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $36,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $45,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Waldorf, Maryland
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