Clarksville, Virginia Entrepreneur Gets a Bank Loan
VirginiaBank loans are available to Virginia firms through the SBA. In this case, a New York bank provides the loan.
Getting a small business loan in Clarksville, Virginia was a top priority for this loan applicant back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Banco Popular North America. Here are the details on this Virginia small business loan.
SBA Loan Borrower
COMPANY TYPE: HARDWARE STORES
CLARKSVILLE, VA 23927
SBA Loan Lender
BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019
This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
444130 - Hardware Stores
Loan Approval Date
4/21/2006
Loan Approval Gross Amount
$1,136,400
Loan Approval from the SBA
Of the total $1,136,400 loan amount, the SBA guaranteed $852,300.
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 18 employees. The SBA loan documents indicated that the loan would help retain 18 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
The Art of Bootstrapping
Best Banks in New York City, New York
Getting a Business Loan in New York