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June 3, 2024 |
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| Home > Small Business Lenders by State > Business Loan Sources > Hagatna, Business Loans > The Bank Of Guam Hagatna Business Loans > Nondurable Goods Wholesalers Loan | ||||
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Business Loans for Hagatna Small Businesses
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Nondurable Goods Wholesalers Business LoansLooking for business loans for nondurable goods wholesalers? Talk to a banker who works with the SBA. This $61,300 nondurable goods wholesalers loan was issued by a bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hagatna, was able to borrow $61,300 from The Bank Of Guam. The SBA made the loan possible by guaranteeing $52,105 of this small business loan. SBA Loan Borrower COMPANY TYPE: NONDURABLE GOODS WHOLESALERS SBA Loan Lender THE BANK OF GUAM This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 422990 - Nondurable Goods Wholesalers Loan Approval Date 1/3/2002 Loan Approval Gross Amount $61,300 Loan Approval from the SBA Of the total $61,300 loan amount, the SBA guaranteed $52,105. 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 2 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great way to raise money We can help you find the best banks for small businesses in Hagatna or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Raising VC Money for Social Networking Companies
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