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May 19, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Lanham, Business Loans > Prince George's County Finan S Lanham Business Loans > General Automotive Repair Shops Loan | ||||
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Maryland SBA 7A Lenders
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Entrepreneur Works With Lanham, Maryland Bank to Get an SBA LoanThinking about meeting with a Lanham, Maryland bank about a business loan? Here's one Maryland business loan, issued by a Lanham bank, that was approved by the SBA. Applying for an SBA loan with Prince George's County Finan S worked out well for our friends at one local company in Glenarden, Maryland. The business was able to get an SBA loan for $85,000. Great job! SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS SBA Loan Lender PRINCE GEORGE'S COUNTY FINAN S SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program. 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 3/29/2001 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $72,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source This SBA loan was for $85,000. How would you spend $85,000 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: SBA 7A Banks for Lanham, Maryland Loans
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