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May 12, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Annapolis, Business Loans > Anne Arundel Economic Develop. Annapolis Business Loans > Eating Places Loan | ||||
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Anne Arundel Economic Develop.
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SBA Loan from Anne Arundel Economic Develop. Helps Eating Places CompanyAnne Arundel Economic Develop. has a track record as a leading provider of SBA loans. Find out how this Maryland entrepreneur received an SBA loan from them. Getting a small business loan in Severna Park, Maryland was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Anne Arundel Economic Develop., operating out of Annapolis, Maryland. Here are the details on this Maryland small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender ANNE ARUNDEL ECONOMIC DEVELOP. This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 7/10/2001 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. 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 7 employees. The loan application did not indicate that the business promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money This SBA loan was for $60,000. How would you spend $60,000 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: Realistic Debt Financing Options SBA Participating Banks in Annapolis, Maryland
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