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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 > Physicians Loan | ||||
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Second Bank & Trust
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SBA Loan from Second Bank & Trust Helps Physicians CompanyAn SBA loan from Second Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fredericksburg, Virginia business owner got a $150,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fredericksburg, Virginia was able to borrow $150,000 from Second Bank & Trust. The SBA made the loan possible by guaranteeing $75,000 of this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender SECOND BANK & TRUST The lender provided this commercial 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 621111 - Physicians Loan Approval Date 5/13/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the funding would help create 4 new jobs. Next Steps for Getting an SBA Loan If you need money to start business in Fredericksburg VA, you ought to talk with a local Fredericksburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fredericksburg businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Second Bank & Trust and they will explain how you can get an SBA loan for your company. 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: Borrowing Money from Friends and Family SBA Approved Banks in Fredericksburg, Virginia
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