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May 2, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Winston Salem, Business Loans > Southern Commun Bank & Tr Winston Salem Business Loans > Wood Partitions And Fixtures Loan | ||||
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Tips for Entrepreneurs On Getting a Loan
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Borrowing Money for Custom Architectural Woodwork and Millwork ManufacturingLooking for loans for custom architectural woodwork and millwork manufacturing? Try the SBA. This $75,000 custom architectural woodwork and millwork manufacturing loan was issued by a North Carolina bank. This small firm knew how to go about getting a business bank loan. Based in Winston Salem, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Southern Commun Bank & Tr, based in Winston Salem, North Carolina. SBA Loan Borrower COMPANY TYPE: WOOD PARTITIONS AND FIXTURES SBA Loan Lender SOUTHERN COMMUN BANK & TR 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 2541 - Wood Partitions and Fixtures NAICS Code 337212 - Custom Architectural Woodwork and Millwork Manufacturing Loan Approval Date 11/24/2000 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $60,000. 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 3 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you have been wondering how do i get money to start a business in Winston Salem NC, you ought to talk with a local Winston Salem SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Winston Salem businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Southern Commun Bank & Tr and they will explain how you can get an SBA loan for your company. 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: Role of Business Plan When Raising Money Best Winston Salem, North Carolina Banks for Small Business
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