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May 17, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Easton, Business Loans > Easton Bank And Trust Company Easton Business Loans > Motor Vehicle Supplies And New Parts Loan | ||||
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SBA Loans from Easton Bank And Trust Company
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Easton Bank And Trust Company SBA Loan to Motor Vehicle Supplies And New Parts CompanyAn SBA loan from Easton Bank And Trust Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Denton, Maryland business owner got a $157,000 loan. This small firm knew how to go about getting a business bank loan. Based in Denton, Maryland, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Easton Bank And Trust Company, based in Easton, Maryland. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS SBA Loan Lender EASTON BANK AND TRUST COMPANY SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5013 - Motor Vehicle Supplies and New Parts NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 12/12/2000 Loan Approval Gross Amount $157,000 Loan Approval from the SBA Of the total $157,000 loan amount, the SBA guaranteed $117,750. 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 4 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Easton Bank And Trust Company and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Good Banks for Small Business in Easton, Maryland Browse All Business Loan Sources for Maryland
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