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An LLC loan is a small business loan for a limited liability company (LLC). It can be used in many ways, including to cover inventory, payroll, equipment, supplies and other operating or expansion ...
A business loan is a loan specifically intended for business purposes. [1] As with all loans, it involves the creation of a debt , which will be repaid with added interest . There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans , business cash ...
HomeTrust Bank was founded in 1926 as Clyde Building and Loan, in Clyde, North Carolina. [2] Later, the name changed to Clyde Savings and Loan Association, and then Clyde Savings Bank. Ed Broadwell joined the bank in 1965 at age 27, the youngest bank president in the state. The bank had $10 million in assets, and five people worked there.
Alternative lenders offer several types of business loans, with the max loan amount varying by the lender. Loan type. Average amount. Purpose. Term loan. Over $1 million.
SBA Express loans: Used as working capital to fund day-to-day operating expenses or make business or equipment purchases and more. This SBA loan funds up to $500,000, and the SBA can approve its ...
The Institution also offered share loans, as well as loans secured by unimproved lots. Home Federal did not sell loans in the secondary market, but retained them in its own portfolio. Between January 1, 1995, and June 30, 1997, Home Federal originated 693 loans totaling $53.7 million. This represents an average loan amount of $78,000.
A "merger of equals" created Centura Banks. Inc. in 1990. [7] The name Centura came from Glenn Monigle & Associates Inc. of Denver, Colorado.When the two banks' chiefs, Dick Futrell of Planters and Mauldin of Peoples, announced the deal January 16, 1990, they said in a statement, "This is probably the most logical bank merger in North Carolina history."
Carolina Place’s original 2013 loan was for $175 million at a fixed interest rate of 3.83%, the CMBS report shows. “You’re not going to get anywhere near that today because of the increase ...