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May 9, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Olney, Business Loans > Sandy Spring Bank Olney Business Loans > Stationery And Office Supplies Loan | ||||
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Banks That Lend to Maryland Business Owners
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Sandy Spring Bank Gives SBA Loan to Stationery And Office Supplies CompanyMarylandSmall business loans are available to Maryland small business owners through the SBA. In this case, a Maryland bank provides the loan. Getting a small business loan in Annapolis, Maryland was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Sandy Spring Bank. Here are the details on this Maryland small business loan. SBA Loan Borrower COMPANY TYPE: STATIONERY AND OFFICE SUPPLIES SBA Loan Lender SANDY SPRING BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5112 - Stationery and Office Supplies NAICS Code 422120 - Stationery and Office Supplies Wholesalers Loan Approval Date 8/29/2000 Loan Approval Gross Amount $325,000 Loan Approval from the SBA Of the total $325,000 loan amount, the SBA guaranteed $243,750. 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 6 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We can help you find the best banks for small businesses in Annapolis or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Where to Get an SBA Loan in Olney, Maryland
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