Business Loan from Second Bank & Trust Given to Eating Places Company

An SBA loan from Second Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Harrisonburg, Virginia business owner got a $82,500 loan.

This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Second Bank & Trust, out of Fredericksburg, Virginia. The loan was granted and they received $82,500 to help grow their Harrisonburg, Virginia business.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
HARRISONBURG, VA 22801

SBA Loan Lender

SECOND BANK & TRUST
4805 LASSEN LN
FREDERICKSBURG, VA 22408

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

7/25/2000

Loan Approval Gross Amount

$82,500

Loan Approval from the SBA

Of the total $82,500 loan amount, the SBA guaranteed $66,000.

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 10 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $82,500. How would you spend $82,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

How to Raise Money

SBA Participating Banks in Fredericksburg, Virginia

Virginia SBA Bank Lenders