Geophysical Surveying and Mapping Services Commercial Loans

Looking for commercial loans for geophysical surveying and mapping services? Try the SBA. This $341,150 geophysical surveying and mapping services loan was issued by a North Carolina bank.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Sound Banking Company, out of Morehead City, North Carolina. The loan was granted and they received $341,150 to help grow their Morehead City, North Carolina business.

SBA Loan Borrower

COMPANY TYPE: GEOPHYSICAL SURVEYING AND MAPPING SERVICES
MOREHEAD CITY, NC 28557

SBA Loan Lender

SOUND BANKING COMPANY
5039 EXECUTIVE DR
MOREHEAD CITY, NC 28557

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541360 - Geophysical Surveying and Mapping Services

Loan Approval Date

4/14/2003

Loan Approval Gross Amount

$341,150

Loan Approval from the SBA

Of the total $341,150 loan amount, the SBA guaranteed $255,863.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The loan application did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? 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:

Determining Proper Capital Structure for a Business

Who Lends Money to Small Businesses in Morehead City, North Carolina

SBA Lenders in North Carolina