Business Loans for Household Vacuum Cleaner Manufacturing

With these business loans for household vacuum cleaner manufacturing, the SBA guarantees the lender that the loan will be repaid. This household vacuum cleaner manufacturing loan for $300,000 was given to a Virginia entrepreneur in 2003.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Fnb Salem Bank & Trust, out of Salem, Virginia. The loan was granted and they received $300,000 to help grow their Roanoke, Virginia business.

SBA Loan Borrower

COMPANY TYPE: HOUSEHOLD VACUUM CLEANERS
ROANOKE, VA 24017

SBA Loan Lender

FNB SALEM BANK & TRUST
110 E MAIN ST
SALEM, VA 24153

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3635 - Household Vacuum Cleaners

NAICS Code

335212 - Household Vacuum Cleaner Manufacturing

Loan Approval Date

10/2/2003

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $270,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Fnb Salem Bank & Trust 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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Small Business Loan

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Virginia SBA Bank Lenders