Potomac Bank - Virginia A Divisi SBA Loan to Management Services Company

Want a Virginia business loan? Here's one Virginia business loan that was approved by the SBA.

This small business needed an SBA business loan in Mclean, Virginia back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Potomac Bank - Virginia A Divisi, operating out of Fairfax, Virginia. Here are the details on this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: MANAGEMENT SERVICES
MCLEAN, VA 22102

SBA Loan Lender

POTOMAC BANK - VIRGINIA A DIVISI
9910 MAIN ST
FAIRFAX, VA 22031

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8741 - Management Services

Loan Approval Date

8/2/2000

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 a new 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 26 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Potomac Bank - Virginia A Divisi and they will explain how you can get an SBA loan for your company.

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:

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Small Bank Loans in Fairfax, Virginia

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