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November 14, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Glen Allen, Business Loans > Capital One Bank (usa) Glen Allen Business Loans > Hardware Stores Loan | ||||
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Raising Money in Gate City, Virginia With SBA Loans
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Gate City, Virginia Entrepreneur Gets an SBA LoanVirginiaBank loans are available to Virginia firms through the SBA. In this case, a Virginia bank provides the loan. Getting a small business loan in Gate City, Virginia was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Capital One Bank (usa). Here are the details on this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: HARDWARE STORES SBA Loan Lender CAPITAL ONE BANK (USA) The lender provided this business 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 444130 - Hardware Stores Loan Approval Date 8/13/2007 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. 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 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Capital One Bank (usa) so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Obtaining Funding - Getting Venture Capital SBA 7A Lenders in Glen Allen, Virginia Getting an SBA Loan in Virginia
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