Small Business Loans for Surgical Appliance and Supplies Manufacturing

With these small business loans for surgical appliance and supplies manufacturing, the SBA guarantees the lender that the loan will be repaid. This surgical appliance and supplies manufacturing loan for $100,000 was given to a Virginia entrepreneur in 2006.

This small firm knew how to go about getting a business bank loan. Based in Salem, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Valley Bank, based in Roanoke, Virginia.

SBA Loan Borrower

COMPANY TYPE: SURGICAL APPLIANCE AND SUPPLIES MANUFACTURING
SALEM, VA 24153

SBA Loan Lender

VALLEY BANK
36 CHURCH AVE SW
ROANOKE, VA 24011

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

339113 - Surgical Appliance and Supplies Manufacturing

Loan Approval Date

8/9/2006

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 9 employees. The SBA loan application for the borrower indicated that the loan would help create 1 new job.

Getting an SBA Loan For Your Business

If you are raising money in Salem VA, you ought to talk with a local Salem SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Salem businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Valley 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.

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