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November 21, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Roofing, Siding, And Sheet Metal Contractors Loan | ||||
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Maryland Small Business Funding
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Getting an SBA Loan for Roofing, Siding, and Sheet Metal ContractorsLooking for commercial loans for roofing, siding, and sheet metal contractors? Talk to a banker who works with the SBA. This $100,000 roofing, siding, and sheet metal contractors loan was issued by a Virginia bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fort Washington, Maryland was able to borrow $100,000 from Capital One. The SBA made the loan possible by guaranteeing $85,000 of this Maryland small business loan. SBA Loan Borrower COMPANY TYPE: ROOFING, SIDING, AND SHEET METAL CONTRACTORS SBA Loan Lender CAPITAL ONE This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235610 - Roofing, Siding, and Sheet Metal Contractors Loan Approval Date 3/25/2003 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. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 23 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. 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. Related Links: Best Banks in Mclean, Virginia Find an SBA Lender in Virginia
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