Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

I Need a Business Loan in Christiansburg, Virginia

 

 
Loan Census SBA Loan Info

Where to Get Capital for Landscape Architectural Services

Looking for small business loans for landscape architectural services? Try the SBA. This $85,000 landscape architectural services loan was issued by a Virginia bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First National Bank, out of Christiansburg, Virginia. The loan was granted and they received $85,000 to help grow their Christiansburg, Virginia business.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPE ARCHITECTURAL SERVICES
CHRISTIANSBURG, VA 24073

SBA Loan Lender

FIRST NATIONAL BANK
105 ARBOR DR
CHRISTIANSBURG, VA 24073

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541320 - Landscape Architectural Services

Loan Approval Date

9/27/2005

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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 First National 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:

Debt Financing

Banks in Christiansburg, Virginia

SBA Virginia Lenders