Manakin Sabot, Virginia Lender Lends Money to Vending Machine Operators Company

Get to know Manakin Sabot, Virginia banks that specialize in small business loans and know how to work with entrepreneurs. Bank - Goochland A Division - is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Powhatan, Virginia starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Bank - Goochland A Division -. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: VENDING MACHINE OPERATORS
POWHATAN, VA 23139

SBA Loan Lender

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

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

454210 - Vending Machine Operators

Loan Approval Date

12/8/2006

Loan Approval Gross Amount

$9,000

Loan Approval from the SBA

Of the total $9,000 loan amount, the SBA guaranteed $4,500.

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. This SBA loan request did not indicate that the small business promised 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?

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank - Goochland A Division - that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

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Banks in Manakin Sabot, Virginia

Virginia SBA 7A Lenders