Loans for Household Refrigerator and Home Freezer Manufacturing

Looking for loans for household refrigerator and home freezer manufacturing? Talk to a banker who works with the SBA. This $24,450 household refrigerator and home freezer manufacturing loan was issued by a Virginia bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Blacksburg, Virginia was able to borrow $24,450 from National Bank - Blacksburg. The SBA made the loan possible by guaranteeing $19,560 of this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: HOUSEHOLD REFRIGERATORS AND HOME AND FARM FREEZERS
BLACKSBURG, VA 24060

SBA Loan Lender

NATIONAL BANK - BLACKSBURG
100 S MAIN ST
BLACKSBURG, VA 24060

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3632 - Household Refrigerators and Home and Farm Freezers

NAICS Code

335222 - Household Refrigerator and Home Freezer Manufacturing

Loan Approval Date

3/29/2000

Loan Approval Gross Amount

$24,450

Loan Approval from the SBA

Of the total $24,450 loan amount, the SBA guaranteed $19,560.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like National Bank - Blacksburg that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Obtaining Funding - Friends and Family

SBA Participating Banks in Blacksburg, Virginia

Find an SBA Lender in Virginia