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November 15, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Fredericksburg, Business Loans > Second Bank & Trust Fredericksburg Business Loans > Eating Places Loan | ||||
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Best Banks That Lend to Virginia Small Business Owners
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Second Bank & Trust Gives Small Business Loan to Eating Places CompanyWould a Virginia small business loan help your small business to grow and prosper? If so, you may want to talk with this Virginia bank, which offers SBA loans to Virginia entrepreneurs. You can learn something about getting a small business loan in Fredericksburg, Virginia by studying this loan to a local company, made back in 2004. Banks like Second Bank & Trust may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender SECOND BANK & TRUST This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 6/16/2004 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. 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 4 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. 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: Who Lends Money to Small Businesses in Fredericksburg, Virginia
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