Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Raising Money in Fairfax, Virginia With SBA Loans

 

 
Loan Census SBA Loan Info

Special Trade Contractors Business Loans

With these business loans for special trade contractors, the SBA guarantees the lender that the loan will be repaid. This special trade contractors loan for $100,000 was given to a Virginia entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fairfax, Virginia was able to borrow $100,000 from Manufacturers & Traders Trust. The SBA made the loan possible by guaranteeing $85,000 of this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: ARCHITECTURAL SERVICES
FAIRFAX, VA 22031

SBA Loan Lender

MANUFACTURERS & TRADERS TRUST
25 S CHARLES ST
BALTIMORE, MD 21201

This business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending history and a deep knowledge SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8712 - Architectural Services

NAICS Code

235990 - Special Trade Contractors

Loan Approval Date

5/31/2002

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 4 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Obtaining Funding - How to Decide How Much to Raise

Best Banks in Baltimore, Maryland

Getting an SBA Loan in Maryland