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November 22, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Mount Airy, Business Loans > Surrey Bank & Trust Mount Airy Business Loans > General Freight Trucking, Local Loan | ||||
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Ararat, Virginia Bank Loan
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Where to Get Capital for General Freight Trucking, LocalLooking for SBA loans for general freight trucking, local? Talk to a banker who works with the SBA. This $38,400 general freight trucking, local loan was issued by a North Carolina bank. This business knew how to go about getting a business bank loan. Based in Ararat, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Surrey Bank & Trust, based in Mount Airy, North Carolina. SBA Loan Borrower COMPANY TYPE: GENERAL FREIGHT TRUCKING, LOCAL SBA Loan Lender SURREY BANK & TRUST The lender provided this bank 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 484110 - General Freight Trucking, Local Loan Approval Date 2/9/2006 Loan Approval Gross Amount $38,400 Loan Approval from the SBA Of the total $38,400 loan amount, the SBA guaranteed $19,200. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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. Related Links: Accountant's Role in Securing Financing Find an SBA Lender in Mount Airy, North Carolina
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