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December 21, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Bethesda, Business Loans > Eaglebank Bethesda Business Loans > Building Finishing Contractors Loan | ||||
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Banks in Bethesda, Maryland That Make SBA Loans
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Bethesda, Maryland Bank Lends Money to Building Finishing Contractors Company in Fairfax Station (rr Name Fairf, VirginiaGet to know Bethesda, Maryland banks that specialize in small business loans and know how to work with entrepreneurs. Eaglebank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Fairfax Station (rr Name Fairf, Virginia starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Eaglebank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: BUILDING FINISHING CONTRACTORS SBA Loan Lender EAGLEBANK This lender provides SBA guaranteed business 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 238390 - Building Finishing Contractors Loan Approval Date 10/19/2004 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,000,000. 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 21 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 20 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: SBA 7A Banks in Bethesda, Maryland
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