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May 15, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Greensboro, Business Loans > Fnb Finan Services Corp Greensboro Business Loans > Support Activities For Air Transportation Loan | ||||
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Business Loans for Salisbury Small Business Owners
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Small Business Loans for Support Activities for Air TransportationWith these small business loans for support activities for air transportation, the SBA guarantees the lender that the loan will be repaid. This support activities for air transportation loan for $85,000 was given to a North Carolina entrepreneur in 2005. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Fnb Finan Services Corp, out of Greensboro, North Carolina. The loan was granted and they received $85,000 to help grow their Salisbury, North Carolina business. SBA Loan Borrower COMPANY TYPE: SUPPORT ACTIVITIES FOR AIR TRANSPORTATION SBA Loan Lender FNB FINAN SERVICES CORP This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 488190 - Support Activities for Air Transportation Loan Approval Date 10/20/2005 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $72,250. 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 10 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $85,000. How would you spend $85,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Obtaining Funding From a Venture Capitalist Best Greensboro, North Carolina Banks for Small Business
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