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May 3, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Owings Mills, Business Loans > Regal Bank & Trust Owings Mills Business Loans > Surgical And Medical Instruments And Apparatus Loan | ||||
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Small Business Banks in Maryland
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Diagnostic Imaging Centers LoansLooking for loans for diagnostic imaging centers? An SBA loan may be just what you've been looking for. This $100,000 diagnostic imaging centers loan was issued by a Maryland bank. This small firm knew how to go about getting a business bank loan. Based in Towson, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Regal Bank & Trust, based in Owings Mills, Maryland. SBA Loan Borrower COMPANY TYPE: SURGICAL AND MEDICAL INSTRUMENTS AND APPARATUS SBA Loan Lender REGAL BANK & TRUST This small business loan 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. SIC Code 3841 - Surgical and Medical Instruments and Apparatus NAICS Code 621512 - Diagnostic Imaging Centers Loan Approval Date 9/23/2004 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Regal Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA Participating Banks in Owings Mills, Maryland Getting a Business Loan in Maryland
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