Business Loans for Electronic Computer Manufacturing

With these business loans for electronic computer manufacturing, the SBA guarantees the lender that the loan will be repaid. This electronic computer manufacturing loan for $500,000 was given to a Virginia entrepreneur in 2007.

This small business knew how to go about getting a business bank loan. Based in Manassas, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was The Fauquier Bank, based in Warrenton, Virginia.

SBA Loan Borrower

COMPANY TYPE: ELECTRONIC COMPUTER MANUFACTURING
MANASSAS, VA 20109

SBA Loan Lender

THE FAUQUIER BANK
10 COURTHOUSE SQ
WARRENTON, VA 20186

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

334111 - Electronic Computer Manufacturing

Loan Approval Date

1/8/2007

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 40 employees. The SBA loan documents did not indicate that the small business promised 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 loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Fauquier Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Fauquier Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Understanding Dilution

SBA Banks in Warrenton, Virginia

SBA Lenders in Virginia