Cardinal Bank SBA Loan to Scientific And Technical Consulting Services Company
Cardinal Bank has a track record as a leading provider of SBA loans. Find out how this Virginia entrepreneur received an SBA loan from them.
This growing company knew how to go about getting a business bank loan. Based in Mc Lean, Virginia, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Cardinal Bank, based in Mclean, Virginia.
SBA Loan Borrower
COMPANY TYPE: SCIENTIFIC AND TECHNICAL CONSULTING SERVICES
MC LEAN, VA 22102
SBA Loan Lender
CARDINAL BANK
8270 GREENSBORO DR, STE 500
MCLEAN, VA 22102
This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
541690 - Scientific and Technical Consulting Services
Loan Approval Date
3/9/2006
Loan Approval Gross Amount
$140,000
Loan Approval from the SBA
Of the total $140,000 loan amount, the SBA guaranteed $119,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 8 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 12 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $140,000 loan. Remember, fight for what you want, and it will be yours!
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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