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May 19, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Rocky Mount, Business Loans > Southern Bank & Trust Rocky Mount Business Loans > Boat Dealers Loan | ||||
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Banks in Rocky Mount, North Carolina That Make SBA Loans
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Rocky Mount, North Carolina Bank Gives SBA Loan to Boat Dealers CompanyThinking about meeting with a Rocky Mount, North Carolina bank about a business loan? Here's one North Carolina business loan, issued by a Rocky Mount bank, that was approved by the SBA. Applying for an SBA loan with Southern Bank & Trust worked out well for our friends at one local company in Rocky Mount, North Carolina. They got an SBA loan for $350,000. Sweet! SBA Loan Borrower COMPANY TYPE: BOAT DEALERS SBA Loan Lender SOUTHERN BANK & TRUST This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441222 - Boat Dealers Loan Approval Date 3/18/2004 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. 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 7 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours 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: Where to Get an SBA Loan in Rocky Mount, North Carolina Getting an SBA Loan in North Carolina
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