Financing for Durable Goods Wholesalers

Looking for loans for durable goods wholesalers? Try the SBA. This $800,000 durable goods wholesalers loan was issued by a Virginia bank.

This company knew how to go about getting a business bank loan. Based in Annandale, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was The Business Bank, based in Vienna, Virginia.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING INDUSTRIES
ANNANDALE, VA 22003

SBA Loan Lender

THE BUSINESS BANK
8399 LEESBURG PIKE
VIENNA, VA 22182

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

1/25/2005

Loan Approval Gross Amount

$800,000

Loan Approval from the SBA

Of the total $800,000 loan amount, the SBA guaranteed $720,000.

More Information on This SBA Loan

The borrower 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 2 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Annandale VA, you ought to talk with a local Annandale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Annandale businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Business Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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