Centreville National Bank - Maryland SBA Loan to Sporting Goods Stores And Bicycle Shops Company

An SBA loan from Centreville National Bank - Maryland typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Stevensville, Maryland business owner got a $96,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Stevensville, Maryland was able to borrow $96,000 from Centreville National Bank - Maryland. The SBA made the loan possible by guaranteeing $81,600 of this Maryland small business loan.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES AND BICYCLE SHOPS
STEVENSVILLE, MD 21666

SBA Loan Lender

CENTREVILLE NATIONAL BANK - MARYLAND
109 N COMMERCE ST
CENTREVILLE, MD 21617

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5941 - Sporting Goods Stores and Bicycle Shops

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

3/6/2002

Loan Approval Gross Amount

$96,000

Loan Approval from the SBA

Of the total $96,000 loan amount, the SBA guaranteed $81,600.

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 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Centreville National Bank - Maryland and they will explain how you can get an SBA loan for your company.

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:

Accountant's Role in Securing Financing

SBA 7A Banks for Centreville, Maryland Loans

Where to Get an SBA Loan Maryland