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December 22, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Blacksburg, Business Loans > National Bank - Blacksburg Blacksburg Business Loans > Publishing Loan | ||||
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National Bank - Blacksburg
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Christiansburg, Virginia Business Gets SBA-Guaranteed Funding from National Bank - BlacksburgAn SBA loan from National Bank - Blacksburg typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Christiansburg, Virginia business owner got a $141,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Christiansburg, Virginia was able to borrow $141,000 from National Bank - Blacksburg. The SBA made the loan possible by guaranteeing $105,750 of this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: PUBLISHING SBA Loan Lender NATIONAL BANK - BLACKSBURG This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2741 - Publishing Loan Approval Date 8/30/2000 Loan Approval Gross Amount $141,000 Loan Approval from the SBA Of the total $141,000 loan amount, the SBA guaranteed $105,750. 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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $141,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Realistic Debt Financing Options SBA 7A Banks for Blacksburg, Virginia Loans SBA Participating Banks in Virginia
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