Single Family Housing Construction Small Business Loans
Looking for small business loans for single family housing construction? Talk to a banker who works with the SBA. This $30,000 single family housing construction loan was issued by a Virginia bank.
This company knew how to go about getting a business bank loan. Based in Buford, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Capital One, based in Mclean, Virginia.
SBA Loan Borrower
COMPANY TYPE: SINGLE FAMILY HOUSING CONSTRUCTION
BUFORD, GA 30519
SBA Loan Lender
CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102
This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
233210 - Single Family Housing Construction
Loan Approval Date
10/30/2002
Loan Approval Gross Amount
$30,000
Loan Approval from the SBA
Of the total $30,000 loan amount, the SBA guaranteed $15,000.
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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Capital One 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 - How to Borrow Money
Best Banks for Small Business in Mclean, Virginia
Virginia SBA 7A Banks