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| Entrepreneur Resources | Bank Of America Charlotte Business Loans | ||||
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Banks in Charlotte, North Carolina That Make SBA Loans
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Charlotte, North Carolina Bank Gives SBA Loan to Cadoperators.Com, LLCA Charlotte, North Carolina small business loan can be yours. Learn how Cadoperators.Com, LLC got a $20,000 business loan from this North Carolina bank.
This loan to Cadoperators.Com, LLC is a good example of an SBA loan. Bank Of America made the loan and the SBA guaranteed a portion of the loan. Many other Virginia entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower CADOperators.com, LLC SBA Loan Lender BANK OF AMERICA This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541618 - Other Management Consulting Services Loan Approval Date 4/28/2006 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. More Information on This SBA Loan The borrower, Cadoperators.Com, LLC, borrowed this money for a new business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 8 existing jobs. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Cadoperators.Com, LLC is able to get a $20,000 loan, why not give getting an SBA loan of your own a try? About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: A Company That Helps Entrepreneurs Best Charlotte, North Carolina Banks for Small Business Getting a Business Loan in North Carolina If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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