The Business Bank SBA Loan to Manufacturing Industries Company

An SBA loan from The Business Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Annandale, Virginia business owner got a $500,000 loan.

Getting a small business loan in Annandale, Virginia was an essential business goal for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from The Business Bank, operating out of Vienna, Virginia. Here are the details on this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING INDUSTRIES
ANNANDALE, VA 22003

SBA Loan Lender

THE BUSINESS BANK
8399 LEESBURG PIKE
VIENNA, VA 22182

This lender issued this SBA small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3999 - Manufacturing Industries

NAICS Code

421990 - Durable Goods Wholesalers

Loan Approval Date

3/5/2002

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $450,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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