Virginia SBA Loan Issued to Sheet Metal Work Manufacturing Company
VirginiaBank loans are available to Virginia firms through the SBA. In this case, a Florida bank provides the loan.
Getting a small business loan in Forest, Virginia was a top priority for this loan applicant back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Business Loan Center, LLC. Here are the details on this Virginia small business loan.
SBA Loan Borrower
COMPANY TYPE: SHEET METAL WORK MANUFACTURING
Forest, VA 24551
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
415 BECKRICH RD., STE 250
PANAMA CITY BEACH, FL 32407
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
332322 - Sheet Metal Work Manufacturing
Loan Approval Date
7/28/2005
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $21,250.
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 9 employees. This SBA loan request indicated that the loan would help retain 9 existing jobs.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
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 Business Loan Center, LLC 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:
Angel Investors
Who Lends Money to Small Businesses in Panama City Beach, Florida
Getting a Business Loan in Florida