Getting an SBA Loan for Carpentry Contractors

Looking for commercial loans for carpentry contractors? Try the SBA. This $50,000 carpentry contractors loan was issued by a District of Columbia bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Washingtonfirst Bank, out of Washington, District of Columbia. The loan was granted and they received $50,000 to help grow their Fairfax, Virginia business.

SBA Loan Borrower

COMPANY TYPE: CARPENTRY WORK
FAIRFAX, VA 22033

SBA Loan Lender

WASHINGTONFIRST BANK
1025 CONNECTICUT AVE NW
WASHINGTON, DC 26036

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1751 - Carpentry Work

NAICS Code

235510 - Carpentry Contractors

Loan Approval Date

5/25/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 only one employee. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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.

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