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December 22, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Warrenton, Business Loans > Provident Bank Of Maryland Warrenton Business Loans > Electrical Apparatus And Equipment, Wiring Supplies, And Related Equipment Loan | ||||
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SBA Lenders in Virginia
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Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Small Business LoansWith these small business loans for electrical apparatus and equipment, wiring supplies, and related equipment, the SBA guarantees the lender that the loan will be repaid. This electrical apparatus and equipment, wiring supplies, and related equipment loan for $200,000 was given to a Virginia entrepreneur in 2004. Getting a small business loan in Fairfax, Virginia was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Provident Bank Of Maryland, operating out of Warrenton, Virginia. Here are the details on this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRICAL APPARATUS AND EQUIPMENT, WIRING SUPPLIES, AND RELATED EQUIPMENT SBA Loan Lender PROVIDENT BANK OF MARYLAND SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423610 - Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Loan Approval Date 1/30/2004 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 6 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Provident Bank Of Maryland so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Where to Get an SBA Loan in Warrenton, Virginia
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