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May 18, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Mount Olive, Business Loans > Southern Bank & Trust Mount Olive Business Loans > Grocery Stores Loan | ||||
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North Carolina Bank SBA Loans
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Entrepreneur Works With Mount Olive, North Carolina Bank to Get an SBA LoanGet small business loans from a Mount Olive, North Carolina bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Southern Bank & Trust is a Mount Olive, North Carolina small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a North Carolina company. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender SOUTHERN BANK & TRUST This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores Loan Approval Date 4/20/2000 Loan Approval Gross Amount $70,200 Loan Approval from the SBA Of the total $70,200 loan amount, the SBA guaranteed $56,160. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 Approved Banks in Mount Olive, North Carolina
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