Warrenton, Virginia Lender Lends Money to Interior Design Services Company

Want to talk with a Warrenton, Virginia bank about an SBA loan? Here's one Maryland business loan, issued by a Warrenton bank, that was approved by the SBA.

Applying for an SBA loan with Provident Bank Of Maryland worked out well for our friends at one local firm in Silver Spring, Maryland. The business was able to get an SBA loan for $150,000. Great job!

SBA Loan Borrower

COMPANY TYPE: INTERIOR DESIGN SERVICES
SILVER SPRING, MD 20910

SBA Loan Lender

PROVIDENT BANK OF MARYLAND
37 E MAIN ST
WARRENTON, VA 20186

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

541410 - Interior Design Services

Loan Approval Date

5/8/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

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 3 employees. The loan application indicated that the loan would help generate 2 new jobs.

Getting an SBA Loan For Your Business

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Provident Bank Of Maryland that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Obtaining Funding - How to Borrow Money

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SBA Virginia Banks