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November 15, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Richmond, Business Loans > Peoples Bank Of Virginia Richmond Business Loans > Hotels And Motels Loan | ||||
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Richmond, Virginia Bank Loan
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Hotels and Motels LoansLooking for loans for hotels and motels? Try the SBA. This $155,000 hotels and motels loan was issued by a Virginia bank. This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Peoples Bank Of Virginia, out of Richmond, Virginia. The loan was granted and they received $155,000 to help grow their Richmond, Virginia business. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender PEOPLES BANK OF VIRGINIA This lender processed this SBA business 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 721110 - Hotels and Motels Loan Approval Date 3/9/2006 Loan Approval Gross Amount $155,000 Loan Approval from the SBA Of the total $155,000 loan amount, the SBA guaranteed $77,500. 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 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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. Related Links: Dealing With Venture Capitalists Best Banks for Small Business in Richmond, Virginia
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