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January 2, 2025 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Keswick, Business Loans > Albemarle First Bank Keswick Business Loans > Catalog And Mail-Order Houses Loan | ||||
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Getting an SBA Loan in Charlottseville, Virginia
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Albemarle First Bank Gives SBA Loan to Catalog And Mail-Order Houses CompanyWould a Virginia SBA loan help your business get to the next level? If so, you may want to talk with this Virginia bank, which offers SBA loans to Virginia entrepreneurs. By giving the right information to Albemarle First Bank, this Charlottseville, Virginia business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: CATALOG AND MAIL-ORDER HOUSES SBA Loan Lender ALBEMARLE FIRST BANK This lender issued this particular SBA 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 5961 - Catalog and Mail-Order Houses NAICS Code 454110 - Electronic Shopping and Mail-Order Houses Loan Approval Date 7/28/2000 Loan Approval Gross Amount $69,100 Loan Approval from the SBA Of the total $69,100 loan amount, the SBA guaranteed $55,280. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Albemarle First Bank and they will explain how you can get an SBA loan for your company. 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: Good Banks for Small Business in Keswick, Virginia
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