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May 17, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Dunn, Business Loans > New Century Bank Dunn Business Loans > Automotive Repair And Maintenance Loan | ||||
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Tips for Small Businesses On Getting a Loan
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Where to Get Capital for Automotive Repair and MaintenanceWith these SBA loans for automotive repair and maintenance, the SBA guarantees the lender that the loan will be repaid. This automotive repair and maintenance loan for $1,066,500 was given to a North Carolina entrepreneur in 2006. This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with New Century Bank, out of Dunn, North Carolina. The loan was granted and they received $1,066,500 to help grow their Kenly, North Carolina business. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE REPAIR AND MAINTENANCE SBA Loan Lender NEW CENTURY BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811198 - Automotive Repair and Maintenance Loan Approval Date 9/7/2006 Loan Approval Gross Amount $1,066,500 Loan Approval from the SBA Of the total $1,066,500 loan amount, the SBA guaranteed $799,875. 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 only one employee. The loan application indicated that the loan would help create 4 new jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like New Century Bank and they will explain how you can get an SBA loan for your company. 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 Participating Banks in Dunn, North Carolina
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