Telecommunications Small Business Loans

With these small business loans for telecommunications, the SBA guarantees the lender that the loan will be repaid. This telecommunications loan for $300,000 was given to a Virginia entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Manassas, Virginia was able to borrow $300,000 from Provident Bank Of Maryland. The SBA made the loan possible by guaranteeing $110,010 of this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: TELECOMMUNICATIONS
MANASSAS, VA 20110

SBA Loan Lender

PROVIDENT BANK OF MARYLAND
37 E MAIN ST
WARRENTON, VA 20186

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

513390 - Telecommunications

Loan Approval Date

8/2/2001

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $110,010.

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 41 employees. This SBA loan request indicated that the loan would help generate 14 new jobs and retain 41 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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