SBA Loan from Branch Bank & Trust Helps Beauty Salons Company

An SBA loan from Branch Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Falls Church, Virginia business owner got a $295,700 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Falls Church, Virginia was able to borrow $295,700 from Branch Bank & Trust. The SBA made the loan possible by guaranteeing $147,850 of this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
FALLS CHURCH, VA 22043

SBA Loan Lender

BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

812112 - Beauty Salons

Loan Approval Date

10/4/2005

Loan Approval Gross Amount

$295,700

Loan Approval from the SBA

Of the total $295,700 loan amount, the SBA guaranteed $147,850.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Falls Church VA, you ought to talk with a local Falls Church SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Falls Church businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? 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.

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