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May 2, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Winston Salem, Business Loans > Southern Commun Bank & Tr Winston Salem Business Loans > Auto And Home Supply Stores Loan | ||||
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North Carolina Bank SBA Loans
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Southern Commun Bank & Tr SBA Loan to Auto And Home Supply Stores CompanySearching for a North Carolina small business loan? Here's one North Carolina business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Winston-Salem, North Carolina, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Southern Commun Bank & Tr, based in Winston Salem, North Carolina. SBA Loan Borrower COMPANY TYPE: AUTO AND HOME SUPPLY STORES SBA Loan Lender SOUTHERN COMMUN BANK & TR This lender issued this particular SBA 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 5531 - Auto and Home Supply Stores Loan Approval Date 1/12/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 Southern Commun Bank & Tr 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: Family and Friend Investors - Your First Financiers Best Winston Salem, North Carolina Banks for Small Business Getting an SBA Loan in North Carolina
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