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May 12, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Charlotte, Business Loans > Bank Of America Charlotte Business Loans > Family Clothing Stores Loan | ||||
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Bank Of America
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Bowie, Maryland Business Gets SBA-Guaranteed Funding from Bank Of AmericaAn SBA loan from Bank Of America typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bowie, Maryland business owner got a $18,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bowie, Maryland was able to borrow $18,000 from Bank Of America. The SBA made the loan possible by guaranteeing $9,000 of this Maryland small business loan. SBA Loan Borrower COMPANY TYPE: FAMILY CLOTHING STORES SBA Loan Lender BANK OF AMERICA This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 448140 - Family Clothing Stores Loan Approval Date 6/15/2005 Loan Approval Gross Amount $18,000 Loan Approval from the SBA Of the total $18,000 loan amount, the SBA guaranteed $9,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 documents indicated that the loan would help 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 need money for an existing business, an SBA loan can be a great way to raise money This SBA loan was for $18,000. How would you spend $18,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Much Venture Capital Is There? Who Lends Money to Small Businesses in Charlotte, North Carolina Browse All Business Loan Sources for North Carolina
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