Warrenton, Virginia Lender Lends Money to Eating Places Company

Thinking about meeting 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 company in Upper Marlboro, Maryland. They received an SBA loan for $617,350. Sweet!

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
UPPER MARLBORO, MD 20772

SBA Loan Lender

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

When this loan was made, the lender participated in the SBA's Certified Lenders Program (CLP). This program is designed to give quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

7/24/2000

Loan Approval Gross Amount

$617,350

Loan Approval from the SBA

Of the total $617,350 loan amount, the SBA guaranteed $463,012.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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