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May 13, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Winston Salem, Business Loans > Branch Bank & Trust Winston Salem Business Loans > Eating Places Loan | ||||
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SBA Lenders for Greensboro, North Carolina Businesses
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Full-Service Restaurants LoansLooking for loans for full-service restaurants? An SBA loan may be just what you've been looking for. This $390,000 full-service restaurants loan was issued by a North Carolina bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Greensboro, North Carolina was able to borrow $390,000 from Branch Bank & Trust. The SBA made the loan possible by guaranteeing $292,500 of this North Carolina small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender BRANCH BANK & TRUST The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 2/26/2001 Loan Approval Gross Amount $390,000 Loan Approval from the SBA Of the total $390,000 loan amount, the SBA guaranteed $292,500. 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 only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding. 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: Small Business Banks in Winston Salem, North Carolina
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