Small Business Loans for Hardware Stores

With these small business loans for hardware stores, the SBA guarantees the lender that the loan will be repaid. This hardware stores loan for $297,500 was given to a Virginia entrepreneur in 2007.

This company knew how to go about getting a business bank loan. Based in Chatham, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was River Commun Bank, based in Martinsville, Virginia.

SBA Loan Borrower

COMPANY TYPE: HARDWARE STORES
CHATHAM, VA 24531

SBA Loan Lender

RIVER COMMUN BANK
730 E CHURCH ST
MARTINSVILLE, VA 24112

This lender processed this bank 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

444130 - Hardware Stores

Loan Approval Date

6/8/2007

Loan Approval Gross Amount

$297,500

Loan Approval from the SBA

Of the total $297,500 loan amount, the SBA guaranteed $148,750.

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 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 8 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Chatham VA, you ought to talk with a local Chatham SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chatham 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 River Commun 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.

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