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November 14, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Gift, Novelty, And Souvenir Stores Loan | ||||
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How to Get SBA Loans in Great Falls (p.O.), Virginia
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Gift, Novelty, and Souvenir Stores Small Business LoansLooking for small business loans for gift, novelty, and souvenir stores? Talk to a banker who works with the SBA. This $244,800 gift, novelty, and souvenir stores loan was issued by a New Jersey bank. This company knew how to go about getting a business bank loan. Based in Great Falls (p.O.), Virginia, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Valley National Bank, based in North Plainfield, New Jersey. SBA Loan Borrower COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR STORES SBA Loan Lender VALLEY NATIONAL BANK This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453220 - Gift, Novelty, and Souvenir Stores Loan Approval Date 1/24/2002 Loan Approval Gross Amount $244,800 Loan Approval from the SBA Of the total $244,800 loan amount, the SBA guaranteed $183,600. 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 10 employees. The SBA loan documents indicated that the loan would help retain 10 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $244,800 loan. Remember, where there is a will, there is a way! 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: Banks in North Plainfield, New Jersey
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