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May 10, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Richmond, Business Loans > Suntrust Bank Richmond Business Loans > Snack And Nonalcoholic Beverage Bars Loan | ||||
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Raising Money in Kernersville, North Carolina With SBA Loans
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Suntrust Bank Gives Small Business Loan to Snack And Nonalcoholic Beverage Bars CompanySmall business loans in North Carolina are are few and far betweeen these days. We take a look at one North Carolina small business loan, provided by a Virginia bank, that was approved by the SBA. Getting a small business loan in Kernersville, North Carolina was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Suntrust Bank. Here are the details on this North Carolina small business loan. SBA Loan Borrower COMPANY TYPE: SNACK AND NONALCOHOLIC BEVERAGE BARS SBA Loan Lender SUNTRUST BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 9/14/2007 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan 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. 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 $100,000 loan. Remember, things become real when you believe you can achieve them! 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 Richmond, Virginia
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