Business Loan from Capital Bank Given to Publishers Company

An SBA loan from Capital Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Barnardville, North Carolina business owner got a $226,000 loan.

Getting a small business loan in Barnardville, North Carolina was an essential business goal for this firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Capital Bank, operating out of Asheville, North Carolina. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: PUBLISHERS
BARNARDVILLE, NC 28709

SBA Loan Lender

CAPITAL BANK
918 MERRIMON AVE
ASHEVILLE, NC 28804

This lender issued this SBA business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511199 - Publishers

Loan Approval Date

3/27/2002

Loan Approval Gross Amount

$226,000

Loan Approval from the SBA

Of the total $226,000 loan amount, the SBA guaranteed $169,500.

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 company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Barnardville 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:

How Equity Dilution Works

Where to Get an SBA Loan in Asheville, North Carolina

SBA Participating Banks in North Carolina