Civic and Social Organizations Commercial Loans

Looking for commercial loans for civic and social organizations? Try the SBA. This $70,000 civic and social organizations loan was issued by a Virginia bank.

This small business knew how to go about getting a business bank loan. Based in Charlottesville, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was United Bank, based in Charlottesville, Virginia.

SBA Loan Borrower

COMPANY TYPE: CIVIC, SOCIAL, AND FRATERNAL ASSOCIATIONS
CHARLOTTESVILLE, VA 22902

SBA Loan Lender

UNITED BANK
1265 SEMINOLE TRL
CHARLOTTESVILLE, VA 22901

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

8641 - Civic, Social, and Fraternal Associations

NAICS Code

813410 - Civic and Social Organizations

Loan Approval Date

5/25/2001

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

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 3 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like United Bank 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:

Business Cash Advances

Small Business Banks in Charlottesville, Virginia

Getting an SBA Loan in Virginia