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May 18, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Granite Falls, Business Loans > Bank Of Granite Granite Falls Business Loans > Wood Window And Door Manufacturing Loan | ||||
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Bank Of Granite SBA Loan
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Bank Of Granite SBA Loan to Wood Window And Door Manufacturing CompanyBank Of Granite is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one North Carolina entrepreneur who tapped into the power of SBA loans. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Morganton, North Carolina was able to borrow $107,000 from Bank Of Granite. The SBA made the loan possible by guaranteeing $53,500 of this North Carolina small business loan. SBA Loan Borrower COMPANY TYPE: WOOD WINDOW AND DOOR MANUFACTURING SBA Loan Lender BANK OF GRANITE The lender provided this small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 321911 - Wood Window and Door Manufacturing Loan Approval Date 2/9/2006 Loan Approval Gross Amount $107,000 Loan Approval from the SBA Of the total $107,000 loan amount, the SBA guaranteed $53,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 6 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. 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 $107,000 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: Small Business Banks in Granite Falls, North Carolina
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