Branch Bank & Trust SBA Loan to Signs And Advertising Specialties Company

Looking to get a North Carolina small business loan? Here's one North Carolina business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in Wilmington, North Carolina, they applied for and were given an SBA-guaranteed loan in 2001. The lending bank was Branch Bank & Trust, based in Winston Salem, North Carolina.

SBA Loan Borrower

COMPANY TYPE: SIGNS AND ADVERTISING SPECIALTIES
WILMINGTON, NC 28405

SBA Loan Lender

BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101

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 dates back to 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.

SIC Code

3993 - Signs and Advertising Specialties

NAICS Code

033995 -

Loan Approval Date

1/30/2001

Loan Approval Gross Amount

$1,022,500

Loan Approval from the SBA

Of the total $1,022,500 loan amount, the SBA guaranteed $766,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the funding 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.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Branch Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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