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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 > Roofing Contractors Loan | ||||
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Second Bank & Trust Loans
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Small Business Loans for Roofing ContractorsWith these small business loans for roofing contractors, the SBA guarantees the lender that the loan will be repaid. This roofing contractors loan for $100,000 was given to a Virginia entrepreneur in 2007. This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Second Bank & Trust, out of Fredericksburg, Virginia. The loan was granted and they received $100,000 to help grow their Fredericksburg, Virginia business. SBA Loan Borrower COMPANY TYPE: ROOFING CONTRACTORS SBA Loan Lender SECOND BANK & TRUST The lender provided this 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 238160 - Roofing Contractors Loan Approval Date 11/9/2007 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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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