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May 18, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Raleigh, Business Loans > The Fidelity Bank Raleigh Business Loans > Real Estate Agents And Managers Loan | ||||
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North Carolina Bank SBA Loans
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The Fidelity Bank SBA Loan to Real Estate Agents And Managers CompanyLooking to get a North Carolina SBA loan? Here's one North Carolina business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Raleigh, North Carolina was able to borrow $26,870 from The Fidelity Bank. The SBA made the loan possible by guaranteeing $21,496 of this North Carolina small business loan. SBA Loan Borrower COMPANY TYPE: REAL ESTATE AGENTS AND MANAGERS SBA Loan Lender THE FIDELITY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 6531 - Real Estate Agents and Managers Loan Approval Date 6/23/2000 Loan Approval Gross Amount $26,870 Loan Approval from the SBA Of the total $26,870 loan amount, the SBA guaranteed $21,496. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are working on finding money to start a business in Raleigh NC, you ought to talk with a local Raleigh SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Raleigh businesses. While you may be able to find business people willing to loan money, 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: Advice on Getting a Small Business Loan Small Business Banks in Raleigh, North Carolina SBA Participating Banks in North Carolina
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