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November 21, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Warrenton, Business Loans > Provident Bank Of Maryland Warrenton Business Loans > Services Loan | ||||
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Virginia Bank SBA Loans
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Provident Bank Of Maryland SBA Loan to Services CompanySearching for a Virginia small business loan? Here's one Virginia business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sterling, Virginia was able to borrow $110,000 from Provident Bank Of Maryland. The SBA made the loan possible by guaranteeing $82,500 of this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: SERVICES SBA Loan Lender PROVIDENT BANK OF MARYLAND This loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA delivers a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8999 - Services Loan Approval Date 4/10/2000 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $82,500. More Information on This SBA Loan The borrower borrowed this money for a new 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. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to raise money for a business in Sterling VA, you ought to talk with a local Sterling SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sterling 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: Where to Get an SBA Loan in Warrenton, Virginia
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