Roanoke, Virginia Business Gets SBA-Guaranteed Funding from First-Citizens Bank & Trust

First-Citizens Bank & Trust and the SBA work together to get business loans for growing small businesses. Here's an example of how a Virginia entrepreneur was able to get a loan to take a small business to the next level.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with First-Citizens Bank & Trust, out of Roanoke, Virginia. The loan was granted and they received $800,000 to help grow their Roanoke, Virginia business.

SBA Loan Borrower

COMPANY TYPE: APPAREL AND ACCESSORIES
ROANOKE, VA 24012

SBA Loan Lender

FIRST-CITIZENS BANK & TRUST
110 CHURCH AVE
ROANOKE, VA 24011

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 to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2389 - Apparel and Accessories

NAICS Code

315999 - Apparel Accessories and Other Apparel Manufacturing

Loan Approval Date

8/10/2001

Loan Approval Gross Amount

$800,000

Loan Approval from the SBA

Of the total $800,000 loan amount, the SBA guaranteed $600,000.

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 74 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

This SBA loan was for $800,000. How would you spend $800,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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 Incubators

Small Bank Loans in Roanoke, Virginia

SBA Lenders in Virginia