SBA Loan from Second Bank & Trust Helps Truss Manufacturing Company

An SBA loan from Second Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fredericks, Virginia business owner got a $25,000 loan.

Getting a small business loan in Fredericks, Virginia was an essential business goal for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Second Bank & Trust, operating out of Fredericksburg, Virginia. Here are the details on this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: TRUSS MANUFACTURING
FREDERICKS, VA 22407

SBA Loan Lender

SECOND BANK & TRUST
4805 LASSEN LN
FREDERICKSBURG, VA 22408

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

321214 - Truss Manufacturing

Loan Approval Date

2/23/2006

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

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 25 employees. The loan application did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Fredericks VA, you ought to talk with a local Fredericks SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fredericks businesses.

We can help you find the best banks for small businesses in Fredericks or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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