Loans for Manufacturing

Looking for loans for manufacturing? Talk to a banker who works with the SBA. This $150,000 manufacturing loan was issued by a Virginia bank.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with National Bank - Blacksburg, out of Bluefield, Virginia. The loan was granted and they received $150,000 to help grow their Bristol, Virginia business.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING INDUSTRIES
BRISTOL, VA 24201

SBA Loan Lender

NATIONAL BANK - BLACKSBURG
511 VIRGINIA AVE
BLUEFIELD, VA 24605

This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3999 - Manufacturing Industries

NAICS Code

339999 - Manufacturing

Loan Approval Date

10/5/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

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 4 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

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:

Alternative Financing

Small Business Banks in Bluefield, Virginia

SBA Virginia Lenders