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May 11, 2024 |
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| Home > Small Business Lenders by State > Delaware Business Loan Sources > Winston Salem, Business Loans > Branch Bank & Trust Winston Salem Business Loans > General Long-Distance Freight Trucking Loan | ||||
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Raising Money in Lincoln, Delaware With SBA Loans
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Lincoln, Delaware Entrepreneur Gets a Small Business LoanLooking to get a Delaware SBA loan? This Delaware entrepreneur got an SBA loan, provided by a North Carolina bank that works with the SBA to help small business owners. This company, based in Lincoln, Delaware, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Branch Bank & Trust. We've got the inside scoop on this Delaware small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING SBA Loan Lender BRANCH BANK & TRUST This lender processed this debt financing under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 484121 - General Long-Distance Freight Trucking Loan Approval Date 5/18/2007 Loan Approval Gross Amount $35,400 Loan Approval from the SBA Of the total $35,400 loan amount, the SBA guaranteed $17,700. 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 retain 2 existing jobs. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Banking Deregulation's Effects on Entrepreneurship Good Banks for Small Business in Winston Salem, North Carolina SBA Participating Banks in North Carolina
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