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May 11, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Raleigh, Business Loans > First-Citizens Bank & Trust Raleigh Business Loans > Food Supplement Stores Loan | ||||
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VA Business Loans from First-Citizens Bank & Trust
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First-Citizens Bank & Trust SBA Loan to Food Supplement Stores CompanyAn SBA loan from First-Citizens Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Kenbridge, Virginia business owner got a $67,500 loan. Getting a small business loan in Kenbridge, Virginia was an essential business goal for this firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from First-Citizens Bank & Trust, operating out of Raleigh, North Carolina. Here are the details on this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: FOOD SUPPLEMENT STORES SBA Loan Lender FIRST-CITIZENS BANK & TRUST The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 446191 - Food Supplement Stores Loan Approval Date 12/21/2001 Loan Approval Gross Amount $67,500 Loan Approval from the SBA Of the total $67,500 loan amount, the SBA guaranteed $33,750. 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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $67,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Good Banks for Small Business in Raleigh, North Carolina
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