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November 15, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Richmond, Business Loans > Suntrust Bank Richmond Business Loans > Store Retailers Loan | ||||
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Who Lends Money to Richmond Business Owners
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Local Business Gets a Virginia Bank LoanVirginiaBusiness loans are available to Virginia business owners through the SBA. In this case, a Virginia bank provides the loan. Getting a small business loan in Richmond, Virginia was a top priority for this SBA-financed company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Suntrust Bank. Here are the details on this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: STORE RETAILERS SBA Loan Lender SUNTRUST BANK This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 453998 - Store Retailers Loan Approval Date 3/8/2006 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 10 existing jobs. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a company in Richmond VA, you ought to talk with a local Richmond SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Richmond businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Where to Get an SBA Loan in Richmond, Virginia Browse All Business Loan Sources for Virginia
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