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December 21, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Newport News, Business Loans > Old Point National Bank - Phoebus Newport News Business Loans > Offices And Clinics Of Chiropractors Loan | ||||
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How to Get SBA Money in Newport News, Virginia
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Newport News, Virginia Entrepreneur Gets a Business LoanBusiness loans in Virginia are are few and far betweeen these days. We take a look at one Virginia business loan, provided by a Virginia bank, that was approved by the SBA. Getting a small business loan in Newport News, Virginia was a top priority for this SBA-financed company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Old Point National Bank - Phoebus. Here are the details on this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: OFFICES AND CLINICS OF CHIROPRACTORS SBA Loan Lender OLD POINT NATIONAL BANK - PHOEBUS This lender issued this SBA business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8041 - Offices and Clinics of Chiropractors NAICS Code 621310 - Chiropractors Loan Approval Date 7/26/2002 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $72,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Old Point National Bank - Phoebus 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. Related Links: Small Business Banks in Newport News, Virginia
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