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May 5, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Charlotte, Business Loans > Bank Of America Charlotte Business Loans > Support Services Loan | ||||
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Advice for Business Owners On Getting a Loan
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Borrowing Money for Support ServicesLooking for small business loans for support services? An SBA loan may be just what you've been looking for. This $12,500 support services loan was issued by a North Carolina bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Redondo Beach, California was able to borrow $12,500 from Bank Of America. The SBA made the loan possible by guaranteeing $6,250 of this California small business loan. SBA Loan Borrower COMPANY TYPE: SUPPORT SERVICES SBA Loan Lender BANK OF AMERICA This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 561990 - Support Services Loan Approval Date 9/7/2006 Loan Approval Gross Amount $12,500 Loan Approval from the SBA Of the total $12,500 loan amount, the SBA guaranteed $6,250. 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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of America and they will explain how you can get an SBA loan for your company. 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: Accountant's Role in Securing Financing Banks in Charlotte, North Carolina
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