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May 2, 2024 |
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| Home > Small Business Lenders by State > Delaware Business Loan Sources > Salisbury, Business Loans > The Bank Of Delmarva Salisbury Business Loans > Burial Caskets Loan | ||||
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Business Loans for Laurel Small Businesses
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Business Loans for Burial Casket ManufacturingLooking for business loans for burial casket manufacturing? The SBA may be the answer. This $50,000 burial casket manufacturing loan was issued by a Maryland bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Laurel, Delaware was able to borrow $50,000 from The Bank Of Delmarva. The SBA made the loan possible by guaranteeing $42,500 of this Delaware small business loan. SBA Loan Borrower COMPANY TYPE: BURIAL CASKETS SBA Loan Lender THE BANK OF DELMARVA This lender issued this particular 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 3995 - Burial Caskets NAICS Code 339995 - Burial Casket Manufacturing Loan Approval Date 8/16/2002 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 only one employee. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding. 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 $50,000 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: Accountant's Role in Securing Financing Best Salisbury, Maryland Banks for Small Business
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