Durham, North Carolina Bank Lends Money to Sporting Goods Stores And Bicycle Shops Company in Fayetteville, South Carolina
Get to know Durham, North Carolina banks that specialize in small business loans and know how to work with entrepreneurs. Self-Help Cu is one such bank, as evidenced by this SBA loan to a growing company.
Finding a small business loan in Fayetteville, South Carolina starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Self-Help Cu. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: SPORTING GOODS STORES AND BICYCLE SHOPS
FAYETTEVILLE, SC 27615
SBA Loan Lender
SELF-HELP CU
301 W MAIN ST
DURHAM, NC 27701
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5941 - Sporting Goods Stores and Bicycle Shops
NAICS Code
451110 - Sporting Goods Stores
Loan Approval Date
10/16/2000
Loan Approval Gross Amount
$67,000
Loan Approval from the SBA
Of the total $67,000 loan amount, the SBA guaranteed $53,600.
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 6 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Self-Help Cu and they will explain how you can get an SBA loan for your company.
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:
Strategic Investors
Small Business Banks in Durham, North Carolina
SBA North Carolina Lenders