Virginia SBA Loan Issued to Jewelry Manufacturing Company

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

Getting a small business loan in Reston, Virginia was a top priority for this SBA-financed company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Access National Bank. Here are the details on this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: JEWELRY MANUFACTURING
RESTON, VA 20191

SBA Loan Lender

ACCESS NATIONAL BANK
1800 ROBERT FULTON DR, STE 31
RESTON, VA 20191

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339911 - Jewelry Manufacturing

Loan Approval Date

10/19/2006

Loan Approval Gross Amount

$105,000

Loan Approval from the SBA

Of the total $105,000 loan amount, the SBA guaranteed $89,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 4 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 20 existing jobs.

Getting an SBA Loan For Your Business

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Access National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Access National 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:

Business Credit Evaluation

Small Bank Loans in Reston, Virginia

SBA Participating Banks in Virginia