Bank Of Botetourt SBA Loan to Home Health Care Services Company

An SBA loan from Bank Of Botetourt typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Roanoke, Virginia business owner got a $67,500 loan.

This growing company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Bank Of Botetourt, out of Troutville, Virginia. The loan was granted and they received $67,500 to help grow their Roanoke, Virginia business.

SBA Loan Borrower

COMPANY TYPE: HOME HEALTH CARE SERVICES
ROANOKE, VA 24019

SBA Loan Lender

BANK OF BOTETOURT
5462 LEE HWY
TROUTVILLE, VA 24175

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8082 - Home Health Care Services

NAICS Code

621610 - Home Health Care Services

Loan Approval Date

1/5/2001

Loan Approval Gross Amount

$67,500

Loan Approval from the SBA

Of the total $67,500 loan amount, the SBA guaranteed $57,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 25 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of Botetourt so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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 - Friends and Family

Where to Get an SBA Loan in Troutville, Virginia

Getting an SBA Loan in Virginia