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November 15, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Richmond, Business Loans > Branch Bank & Trust Richmond Business Loans > Golden Eagle Vault Services Ll Loan | ||||
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Rocky Mount, Virginia Bank Loan
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Rocky Mount, VA Entrepreneur Gets SBA Loan to Buy Eagle Burial Vaults FranchiseNeed money to purchase an Eagle Burial Vaults franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Getting money to buy an Eagle Burial Vaults franchise shouldn't be too tough. In 2002, Branch Bank & Trust issued an SBA franchise loan to an entrepreneur in Rocky Mount, Virginia. Because Eagle Burial Vaults was registered with the SBA's registry of franchises, this Virginia small business loan was issued on an expedited basis. SBA Loan Borrower GOLDEN EAGLE VAULT SERVICES LL SBA Loan Lender BRANCH BANK & TRUST This SBA business loan 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 3272 - Concrete Products NAICS Code 327390 - Concrete Product Manufacturing Loan Approval Date 7/17/2002 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $97,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Eagle Burial Vaults franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $130,000. How would you spend $130,000 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: Best Richmond, Virginia Banks for Small Business SBA Participating Banks in Virginia
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