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April 19, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Washington, Business Loans > The Adams National Bank Washington Business Loans > Commercial Art And Graphic Design Loan | ||||
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Best Banks for Bethesda, Maryland Small Businesses
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Financing for Graphic Design ServicesLooking for commercial loans for graphic design services? The SBA may be the answer. This $225,000 graphic design services loan was issued by a District of Columbia bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bethesda, Maryland was able to borrow $225,000 from The Adams National Bank. The SBA made the loan possible by guaranteeing $168,750 of this Maryland small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL ART AND GRAPHIC DESIGN SBA Loan Lender THE ADAMS NATIONAL BANK When it made this small business loan, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program is designed to offer quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7336 - Commercial Art and Graphic Design NAICS Code 541430 - Graphic Design Services Loan Approval Date 3/11/2002 Loan Approval Gross Amount $225,000 Loan Approval from the SBA Of the total $225,000 loan amount, the SBA guaranteed $168,750. 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 7 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 Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Bethesda 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: SBA 7A Banks for Washington, District of Columbia Loans Browse All Business Loan Sources for District of Columbia
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