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November 15, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Blacksburg, Business Loans > National Bank - Blacksburg Blacksburg Business Loans > Wood Household Furniture Loan | ||||
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SBA Lenders in Virginia
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Business Loan from National Bank - Blacksburg Given to Wood Household Furniture CompanyNational Bank - Blacksburg has a track record as a leading provider of SBA loans. Find out how this Virginia entrepreneur received an SBA loan from them. This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with National Bank - Blacksburg, out of Blacksburg, Virginia. The loan was granted and they received $75,000 to help grow their Christiansburg, Virginia business. SBA Loan Borrower COMPANY TYPE: WOOD HOUSEHOLD FURNITURE SBA Loan Lender NATIONAL BANK - BLACKSBURG This lender issued this particular 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 2511 - Wood Household Furniture NAICS Code 337122 - Nonupholstered Wood Household Furniture Manufacturing Loan Approval Date 3/9/2004 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. 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 6 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Best Banks in Blacksburg, Virginia
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