Troutville, Virginia Lender Lends Money to Eating Places Company

Find Troutville, Virginia banks that specialize in small business loans and know how to work with entrepreneurs. Bank Of Botetourt is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Roanoke, Virginia starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Bank Of Botetourt. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
ROANOKE, VA 24018

SBA Loan Lender

BANK OF BOTETOURT
5462 LEE HWY
TROUTVILLE, VA 24175

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA business 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

5812 - Eating Places

Loan Approval Date

11/7/2000

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $60,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

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

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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of Botetourt are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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