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May 18, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Murphy, Business Loans > United Community Bank Murphy Business Loans > Hotels And Motels Loan | ||||
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North Carolina Small Business Loans from United Community Bank
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United Community Bank SBA Loan to Hotels And Motels CompanyAn SBA loan from United Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Maggie Valley, North Carolina business owner got a $1,460,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Maggie Valley, North Carolina was able to borrow $1,460,000 from United Community Bank. The SBA made the loan possible by guaranteeing $1,095,000 of this North Carolina small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender UNITED COMMUNITY 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 721110 - Hotels and Motels Loan Approval Date 6/27/2007 Loan Approval Gross Amount $1,460,000 Loan Approval from the SBA Of the total $1,460,000 loan amount, the SBA guaranteed $1,095,000. 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 26 employees. This SBA loan request indicated that the loan would help generate 13 new jobs and retain 13 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from United Community Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Approved Banks in Murphy, North Carolina
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