Financing for Mayonnaise, Dressing, and Prepared Sauce Manufacturing

Looking for commercial loans for mayonnaise, dressing, and prepared sauce manufacturing? An SBA loan may be just what you've been looking for. This $136,000 mayonnaise, dressing, and prepared sauce manufacturing loan was issued by a Virginia bank.

This small business knew how to go about getting a business bank loan. Based in Reston, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Millennium Bank, based in Reston, Virginia.

SBA Loan Borrower

COMPANY TYPE: PICKLES, SAUCES, AND SALAD DRESSINGS
RESTON, VA 20194

SBA Loan Lender

MILLENNIUM BANK
1601 WASHINGTON PLZ
RESTON, VA 20190

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2035 - Pickles, Sauces, and Salad Dressings

NAICS Code

311941 - Mayonnaise, Dressing, and Prepared Sauce Manufacturing

Loan Approval Date

11/24/2004

Loan Approval Gross Amount

$136,000

Loan Approval from the SBA

Of the total $136,000 loan amount, the SBA guaranteed $115,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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SBA 7A Banks for Reston, Virginia Loans

SBA Virginia Banks