Loan Census Banking News and Information
December 23, 2024  
 
 
  Business Loan Information  
 

Virginia Bank SBA Loans

 

 
Loan Census SBA Loan Info

First Commun Bank SBA Loan to Offices And Clinics Of Doctors Of Medicine Company

Looking to get a Virginia small business loan? Here's one Virginia business loan that was approved by the SBA.

This small business needed an SBA business loan in Richmond, Virginia back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from First Commun Bank, operating out of Richmond, Virginia. Here are the details on this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF DOCTORS OF MEDICINE
RICHMOND, VA 23294

SBA Loan Lender

FIRST COMMUN BANK
9310 MIDLOTHIAN TPKE
RICHMOND, VA 23235

This commercial loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA provides a rapid loan approval or denial response.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8011 - Offices and Clinics of Doctors of Medicine

Loan Approval Date

2/11/2000

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $76,000.

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 5 employees. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Obtaining Funding - How to Borrow Money

Small Bank Loans in Richmond, Virginia

SBA Lenders in Virginia