Raising Money for Pet and Pet Supplies Stores

Looking for business loans for pet and pet supplies stores? The SBA may be the answer. This $75,000 pet and pet supplies stores loan was issued by a North Carolina bank.

This small business knew how to go about getting a business bank loan. Based in Hendersonville, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Macon Bank, Inc., based in Hendersonville, North Carolina.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
HENDERSONVILLE, NC 28792

SBA Loan Lender

MACON BANK, INC.
640 N MAIN ST
HENDERSONVILLE, NC 28792

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

453910 - Pet and Pet Supplies Stores

Loan Approval Date

4/23/2002

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

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 3 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $75,000 loan. Remember, you control your own destiny.

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:

The Friends and Family Network

SBA Banks in Hendersonville, North Carolina

SBA Lenders in North Carolina