Glen Allen, Virginia Lender Lends Money to New Single-Family Housing Construction Company

Thinking about meeting with a Glen Allen, Virginia bank about a small business loan? Here's one New York business loan, issued by a Glen Allen bank, that was approved by the SBA.

Applying for an SBA loan with Capital One Bank (usa) worked out well for our friends at one local company in Hempstead, New York. The business was able to get an SBA loan for $50,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: NEW SINGLE-FAMILY HOUSING CONSTRUCTION
HEMPSTEAD, NY 11550

SBA Loan Lender

CAPITAL ONE BANK (USA)
4851 COX RD
GLEN ALLEN, VA 23060

This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

236115 - New Single-Family Housing Construction

Loan Approval Date

1/15/2008

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. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 15 employees. This SBA loan request indicated that the loan would help retain 15 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Hempstead NY, you ought to talk with a local Hempstead SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hempstead businesses.

If you need emergency money for small business, 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.

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