Glen Allen, Virginia Bank Lends Money to Meat And Meat Product Merchant Wholesalers Company in Pompano Beach, Florida
Get to know Glen Allen, Virginia banks that specialize in SBA loans and know how to work with entrepreneurs. Capital One Bank (usa) is one such bank, as evidenced by this SBA loan to a growing company.
Finding a small business loan in Pompano Beach, Florida starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Capital One Bank (usa). Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: MEAT AND MEAT PRODUCT MERCHANT WHOLESALERS
POMPANO BEACH, FL 33069
SBA Loan Lender
CAPITAL ONE BANK (USA)
4851 COX RD
GLEN ALLEN, VA 23060
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
424470 - Meat and Meat Product Merchant Wholesalers
Loan Approval Date
1/29/2008
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
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 5 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 5 existing jobs.
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SBA loans provide money to small business owners for working capital for other expenses.
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:
Business Line of Credit
SBA Banks in Glen Allen, Virginia
Virginia SBA 7A Lenders