Loan to Buy Geeks On Call Franchise Issued By Resource Bank

Need money to buy a Geeks On Call franchise? Resource Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Geeks On Call franchise? If so, here's a 2002 SBA franchise loan that you should know about. Resource Bank was the lender and the entrepreneur was based in Newport News, Virginia.

SBA Loan Borrower

SUPPLY SERGEANT SERVICES, LLC
NEWPORT NEWS, VA 23602

SBA Loan Lender

RESOURCE BANK
4429 BONNEY RD, STE 300
VIRGINIA BEACH, VA 23462

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811212 - Computer and Office Machine Repair and Maintenance

Loan Approval Date

1/11/2002

Loan Approval Gross Amount

$23,900

Loan Approval from the SBA

Of the total $23,900 loan amount, the SBA guaranteed $20,315.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Geeks On Call franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Geeks On Call

The Art of Bootstrapping

Best Banks for Small Business in Virginia Beach, Virginia

SBA Lenders in Virginia