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December 19, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Richmond, Business Loans > Suntrust Bank Richmond Business Loans > Roofing, Siding, And Insulation Material Merchant Wholesalers Loan | ||||
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Dallas, Georgia Bank Loan
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Commercial Loans for Roofing, Siding, and Insulation Material Merchant WholesalersWith these commercial loans for roofing, siding, and insulation material merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This roofing, siding, and insulation material merchant wholesalers loan for $150,000 was given to a Georgia entrepreneur in 2008. This business knew how to go about getting a business bank loan. Based in Dallas, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Suntrust Bank, based in Richmond, Virginia. SBA Loan Borrower COMPANY TYPE: ROOFING, SIDING, AND INSULATION MATERIAL MERCHANT WHOLESALERS SBA Loan Lender SUNTRUST BANK This lender processed this SBA 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 423330 - Roofing, Siding, and Insulation Material Merchant Wholesalers Loan Approval Date 1/15/2008 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 only one employee. The loan application indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Suntrust Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Raising VC Money for Social Networking Companies Best Richmond, Virginia Banks for Small Business
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