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May 15, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Greensboro, Business Loans > Self-Help Cu Greensboro Business Loans > Real Estate Agents And Brokers Loan | ||||
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Small Business Banks for Asheville, North Carolina Business Owners
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How to Get a Loan for Real Estate Agents and BrokersWith these business loans for real estate agents and brokers, the SBA guarantees the lender that the loan will be repaid. This real estate agents and brokers loan for $13,800 was given to a North Carolina entrepreneur in 2006. Getting a small business loan in Asheville, North Carolina was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Self-Help Cu, operating out of Greensboro, North Carolina. Here are the details on this North Carolina small business loan. SBA Loan Borrower COMPANY TYPE: REAL ESTATE AGENTS AND BROKERS SBA Loan Lender SELF-HELP CU The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 531210 - Real Estate Agents and Brokers Loan Approval Date 7/25/2006 Loan Approval Gross Amount $13,800 Loan Approval from the SBA Of the total $13,800 loan amount, the SBA guaranteed $6,900. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the borrowed money would help generate 2 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: SBA 7A Lenders in Greensboro, North Carolina
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