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May 14, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Mount Airy, Business Loans > Surrey Bank & Trust Mount Airy Business Loans > Foundation, Structure, And Building Exterior Contractors Loan | ||||
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Mount Airy, North Carolina Bank Loan
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Get an SBA Loan for Foundation, Structure, and Building Exterior ContractorsLooking for bank loans for foundation, structure, and building exterior contractors? An SBA loan may be just what you've been looking for. This $10,000 foundation, structure, and building exterior contractors loan was issued by a North Carolina bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mount Airy, North Carolina was able to borrow $10,000 from Surrey Bank & Trust. The SBA made the loan possible by guaranteeing $5,000 of this North Carolina small business loan. SBA Loan Borrower COMPANY TYPE: FOUNDATION, STRUCTURE, AND BUILDING EXTERIOR CONTRACTORS SBA Loan Lender SURREY BANK & TRUST This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 238190 - Foundation, Structure, and Building Exterior Contractors Loan Approval Date 1/11/2008 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. 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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Surrey Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 7A Banks for Mount Airy, North Carolina Loans
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