Virginia Small Business Loan Issued to Nursery And Garden Centers Company

Would a Virginia SBA loan help your business get to the next level? If so, you may want to talk with this Virginia bank, which offers SBA loans to Virginia entrepreneurs.

Getting a small business loan in Powhatan, Virginia was a top priority for this particular business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Central Virginia Bank. Here are the details on this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: NURSERY AND GARDEN CENTERS
POWHATAN, VA 23139

SBA Loan Lender

CENTRAL VIRGINIA BANK
2351 ANDERSON HWY
POWHATAN, VA 23139

This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

444220 - Nursery and Garden Centers

Loan Approval Date

2/1/2007

Loan Approval Gross Amount

$167,500

Loan Approval from the SBA

Of the total $167,500 loan amount, the SBA guaranteed $83,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 12 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start business in Powhatan VA, you ought to talk with a local Powhatan SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Powhatan businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Central Virginia Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Central Virginia Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Investor Turnoffs

Small Bank Loans in Powhatan, Virginia

SBA Lenders in Virginia