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November 15, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Petersburg, Business Loans > Branch Bank & Trust Petersburg Business Loans > Used Merchandise Stores Loan | ||||
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Petersburg Small Business Loans from Branch Bank & Trust
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Branch Bank & Trust SBA Loan to Used Merchandise Stores CompanyBranch Bank & Trust and the SBA work together to get business loans for growing small businesses. Here's an example of how a Virginia entrepreneur was able to get a loan to take a small business to the next level. This growing company knew how to go about getting a business bank loan. Based in Petersburg, Virginia, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Branch Bank & Trust, based in Petersburg, Virginia. SBA Loan Borrower COMPANY TYPE: USED MERCHANDISE STORES SBA Loan Lender BRANCH BANK & TRUST The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5932 - Used Merchandise Stores Loan Approval Date 3/20/2000 Loan Approval Gross Amount $78,362 Loan Approval from the SBA Of the total $78,362 loan amount, the SBA guaranteed $58,772. 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 2 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 $78,362 loan. Remember, anyone can do it... so why not you? 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: Role of Business Plan When Raising Money Best Banks in Petersburg, Virginia
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