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November 22, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Fairfax, Business Loans > United Bank Fairfax Business Loans > Payroll Services Loan | ||||
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Maryland Small Business Funding
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Raising Money for Payroll ServicesLooking for business loans for payroll services? Talk to a banker who works with the SBA. This $900,000 payroll services loan was issued by a Virginia bank. This business knew how to go about getting a business bank loan. Based in Rockville, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was United Bank, based in Fairfax, Virginia. SBA Loan Borrower COMPANY TYPE: PAYROLL SERVICES SBA Loan Lender UNITED BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541214 - Payroll Services Loan Approval Date 6/1/2007 Loan Approval Gross Amount $900,000 Loan Approval from the SBA Of the total $900,000 loan amount, the SBA guaranteed $675,000. 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 11 employees. The loan application indicated that the loan would help retain 11 existing jobs. 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 United Bank 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. Related Links: Small Bank Loans in Fairfax, Virginia
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