Small Business Loans for General Rental Centers

Looking for small business loans for general rental centers? An SBA loan may be just what you've been looking for. This $119,500 general rental centers loan was issued by a Virginia bank.

This company knew how to go about getting a business bank loan. Based in Powhatan, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Bank - Goochland A Division -, based in Manakin Sabot, Virginia.

SBA Loan Borrower

COMPANY TYPE: GENERAL RENTAL CENTERS
POWHATAN, VA 23139

SBA Loan Lender

BANK - GOOCHLAND A DIVISION -
100 BROAD STREET RD
MANAKIN SABOT, VA 23103

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532310 - General Rental Centers

Loan Approval Date

11/2/2004

Loan Approval Gross Amount

$119,500

Loan Approval from the SBA

Of the total $119,500 loan amount, the SBA guaranteed $101,575.

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 business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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 $119,500 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.

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Small Business Banks in Manakin Sabot, Virginia

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