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| Entrepreneur Resources | Bank Of America Charlotte Business Loans | ||||
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Newport News, Virginia Bank Loan
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Business Loans for Services to Buildings and DwellingsLooking for business loans for services to buildings and dwellings? An SBA loan may be just what you've been looking for. This $20,000 services to buildings and dwellings loan was issued by a North Carolina bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Newport News, Virginia was able to borrow $20,000 from Bank Of America. The SBA made the loan possible by guaranteeing $10,000 of this Virginia small business loan. SBA Loan Borrower CORDLE'S MAINTENANCE 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 561790 - Other Services to Buildings and Dwellings Loan Approval Date 3/11/2004 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, Cordle's Maintenance, 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 12 employees. The SBA loan application for the borrower indicated that the loan would help retain 12 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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 Cordle's Maintenance 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: Microlending as a Small Business Funding Source Find an SBA Lender in Charlotte, North Carolina 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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