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May 15, 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 > Pharmacies And Drug Stores Loan | ||||
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North Carolina Bank SBA Loans
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Mount Airy, North Carolina Bank Lends Money to Pharmacies And Drug Stores Company in Pilot Mountain, North CarolinaA Mount Airy, North Carolina small business loan can be yours. Learn how a company got a $470,000 business loan from this North Carolina bank. This loan to an entrepreneur is a good example of an SBA loan. Surrey Bank & Trust made the loan and the SBA guaranteed a portion of the loan. Many other North Carolina entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: PHARMACIES AND DRUG STORES SBA Loan Lender SURREY BANK & TRUST 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 446110 - Pharmacies and Drug Stores Loan Approval Date 3/1/2005 Loan Approval Gross Amount $470,000 Loan Approval from the SBA Of the total $470,000 loan amount, the SBA guaranteed $352,500. 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 15 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 SBA 7A Lenders in Mount Airy, North Carolina
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