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December 21, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Washington, Business Loans > The Adams National Bank Washington Business Loans > Management Consulting Services Loan | ||||
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Banks in Washington, District of Columbia That Make SBA Loans
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Washington, District of Columbia Bank Lends Money to Management Consulting Services Company in Greenbelt, MarylandA Washington, District of Columbia SBA loan can be yours. Learn how a company got a $150,000 business loan from this District of Columbia bank. This loan to a local firm is a good example of an SBA loan. The Adams National Bank made the loan and the SBA guaranteed a portion of the loan. Many other Maryland entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: MANAGEMENT CONSULTING SERVICES SBA Loan Lender THE ADAMS NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8742 - Management Consulting Services NAICS Code 541614 - Process, Physical Distribution, and Logistics Consulting Services Loan Approval Date 1/16/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 35 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from The Adams National Bank 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: Who Lends Money to Small Businesses in Washington, District of Columbia Getting an SBA Loan in District of Columbia
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