Business Loan from Second Bank & Trust Given to Residential Remodelers Company

An SBA loan from Second Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Spotsylvania, Virginia business owner got a $16,571 loan.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Second Bank & Trust, out of Fredericksburg, Virginia. The loan was granted and they received $16,571 to help grow their Spotsylvania, Virginia business.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL REMODELERS
SPOTSYLVANIA, VA 22408

SBA Loan Lender

SECOND BANK & TRUST
4805 LASSEN LN
FREDERICKSBURG, VA 22408

The lender provided this SBA business 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

236118 - Residential Remodelers

Loan Approval Date

11/3/2006

Loan Approval Gross Amount

$16,571

Loan Approval from the SBA

Of the total $16,571 loan amount, the SBA guaranteed $8,285.

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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $16,571 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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