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April 28, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Chevy Chase, Business Loans > Chevy Chase Bank, F.S.B. Chevy Chase Business Loans > Trucking Loan | ||||
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Chevy Chase, Maryland SBA Banks
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Chevy Chase, Maryland Bank Gives SBA Loan to Trucking CompanyThinking about meeting with a Chevy Chase, Maryland bank about a business loan? Here's one Maryland business loan, issued by a Chevy Chase bank, that was approved by the SBA. Applying for an SBA loan with Chevy Chase Bank, F.S.B. worked out well for our friends at one local firm in Jessup, Maryland. They got an SBA loan for $148,800. Way to go! SBA Loan Borrower COMPANY TYPE: TRUCKING SBA Loan Lender CHEVY CHASE BANK, F.S.B. This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4213 - Trucking NAICS Code 484121 - General Long-Distance Freight Trucking Loan Approval Date 8/15/2001 Loan Approval Gross Amount $148,800 Loan Approval from the SBA Of the total $148,800 loan amount, the SBA guaranteed $126,480. 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 5 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Jessup 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: SBA 7A Banks for Chevy Chase, Maryland Loans Getting an SBA Loan in Maryland
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