Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Springfield, Virginia Bank Loan

 

 
Loan Census SBA Loan Info

Growing Company Gets a Virginia Small Business Loan

VirginiaBank loans are available to Virginia firms through the SBA. In this case, a Maryland bank provides the loan.

Getting a small business loan in Springfield, Virginia was a top priority for this loan applicant back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Eaglebank. Here are the details on this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: TEMPORARY HELP SERVICES
SPRINGFIELD, VA 22150

SBA Loan Lender

EAGLEBANK
7815 WOODMONT AVE
BETHESDA, MD 20814

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561320 - Temporary Help Services

Loan Approval Date

12/1/2003

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Startup Funding Tip

Small Bank Loans in Bethesda, Maryland

Maryland SBA Banks