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November 21, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Drywall And Insulation Contractors Loan | ||||
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Small Business Loans from Capital One
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Business Loan from Capital One Given to Drywall And Insulation Contractors CompanyCapital One has a track record as a leading provider of SBA loans. Find out how this Indiana entrepreneur received an SBA loan from them. This growing company knew how to go about getting a business bank loan. Based in Greenwood, Indiana, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Capital One, based in Mclean, Virginia. SBA Loan Borrower COMPANY TYPE: DRYWALL AND INSULATION CONTRACTORS SBA Loan Lender CAPITAL ONE The lender provided this SBA small 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 238310 - Drywall and Insulation Contractors Loan Approval Date 10/4/2006 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. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The loan application indicated that the loan would help retain 8 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Capital One that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Getting an SBA Loan in Virginia
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