Rehoboth Beach, Delaware Entrepreneur Gets a Small Business Loan

DelawareBusiness loans are available to Delaware business owners through the SBA. In this case, a Delaware bank provides the loan.

You can learn something about getting a small business loan in Rehoboth Beach, Delaware by studying this loan to a local business, made back in 2006. Banks like Wilmington Savings Fund Societ may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
REHOBOTH BEACH, DE 19971

SBA Loan Lender

WILMINGTON SAVINGS FUND SOCIET
500 DELAWARE AVE
WILMINGTON, DE 19801

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/1/2006

Loan Approval Gross Amount

$106,000

Loan Approval from the SBA

Of the total $106,000 loan amount, the SBA guaranteed $90,100.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the funding would help create 5 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Rehoboth Beach DE, you ought to talk with a local Rehoboth Beach SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rehoboth Beach businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $106,000 loan. Remember, you control your own destiny.

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

SBA 7A Banks in Wilmington, Delaware

Delaware SBA Bank Lenders