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May 8, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Owings Mills, Business Loans > K Bank Owings Mills Business Loans > Commercial Bakeries Loan | ||||
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Banks in Owings Mills, Maryland That Make SBA Loans
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Owings Mills, Maryland Bank Lends Money to Commercial Bakeries Company in Baltimore Highlands, MarylandWant to talk with an Owings Mills, Maryland bank about a small business loan? Here's one Maryland business loan, issued by an Owings Mills bank, that was approved by the SBA. Applying for an SBA loan with K Bank worked out well for our friends at one local company in Baltimore Highlands, Maryland. The business was able to get an SBA loan for $132,200. Nice! SBA Loan Borrower COMPANY TYPE: COMMERCIAL BAKERIES SBA Loan Lender K BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311812 - Commercial Bakeries Loan Approval Date 7/1/2005 Loan Approval Gross Amount $132,200 Loan Approval from the SBA Of the total $132,200 loan amount, the SBA guaranteed $112,370. 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 8 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. K Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, K Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - How to Decide How Much to Raise Good Banks for Small Business in Owings Mills, Maryland Browse All Business Loan Sources for Maryland
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