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May 15, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Durham, Business Loans > Self-Help Cu Durham Business Loans > Fresh Fruit And Vegetable Merchant Wholesalers Loan | ||||
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Self-Help Cu Small Business Loan
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Fresh Fruit and Vegetable Merchant Wholesalers SBA LoansWith these SBA loans for fresh fruit and vegetable merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This fresh fruit and vegetable merchant wholesalers loan for $150,000 was given to a North Carolina entrepreneur in 2006. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Rutherfordton, North Carolina was able to borrow $150,000 from Self-Help Cu. The SBA made the loan possible by guaranteeing $127,500 of this North Carolina small business loan. SBA Loan Borrower COMPANY TYPE: FRESH FRUIT AND VEGETABLE MERCHANT WHOLESALERS SBA Loan Lender SELF-HELP CU The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424480 - Fresh Fruit and Vegetable Merchant Wholesalers Loan Approval Date 7/18/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Self-Help Cu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Self-Help Cu made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Role of Business Plan When Raising Money Small Business Banks in Durham, North Carolina
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