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| Entrepreneur Resources | Bank Of America Charlotte Business Loans | ||||
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Requirements for Small Business Owners On Getting a Loan
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Raising Money for Electronic Parts and Equipment Merchant WholesalersLooking for bank loans for electronic parts and equipment merchant wholesalers? An SBA loan may be just what you've been looking for. This $50,000 electronic parts and equipment merchant wholesalers loan was issued by a North Carolina bank.
P & R Supply Co Inc received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Bank Of America, out of Charlotte, North Carolina. The loan was granted and they received $50,000 to help grow their Tulsa, Oklahoma business. SBA Loan Borrower P & R SUPPLY CO INC SBA Loan Lender BANK OF AMERICA The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 423690 - Other Electronic Parts and Equipment Merchant Wholesalers Loan Approval Date 5/9/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower, P & R Supply Co Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 5 existing jobs. Getting an SBA Loan For Your Business If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great way to raise money 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 P & R Supply Co Inc is able to get a $50,000 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: Family and Friend Investors - Your First Financiers SBA 7A Banks for Charlotte, North Carolina Loans North Carolina SBA Bank Lenders 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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