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May 8, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Owings Mills, Business Loans > K Bank Owings Mills Business Loans > General Automotive Repair Shops Loan | ||||
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Owings Mills, Maryland SBA Lenders
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Owings Mills, Maryland Bank Lends Money to General Automotive Repair Shops Company in Frederick, MarylandFind Owings Mills, Maryland banks that specialize in SBA loans and know how to work with entrepreneurs. K Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Frederick, Maryland starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from K Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS SBA Loan Lender K BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7538 - General Automotive Repair Shops NAICS Code 811111 - General Automotive Repair Loan Approval Date 3/27/2003 Loan Approval Gross Amount $955,000 Loan Approval from the SBA Of the total $955,000 loan amount, the SBA guaranteed $716,250. 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 8 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours 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: Where to Get an SBA Loan in Owings Mills, Maryland
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