Commercial Loans for Surveying and Mapping Services

With these commercial loans for surveying and mapping services, the SBA guarantees the lender that the loan will be repaid. This surveying and mapping services loan for $84,000 was given to a Virginia entrepreneur in 2005.

Getting a small business loan in Virginia Beach, Virginia was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Suntrust Bank, operating out of Richmond, Virginia. Here are the details on this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: SURVEYING AND MAPPING SERVICES
Virginia Beach, VA 23451

SBA Loan Lender

SUNTRUST BANK
1001 SEMMES AVE, RVW 4323
RICHMOND, VA 23224

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

541370 - Surveying and Mapping Services

Loan Approval Date

11/4/2005

Loan Approval Gross Amount

$84,000

Loan Approval from the SBA

Of the total $84,000 loan amount, the SBA guaranteed $42,000.

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 17 employees. This SBA loan request indicated that the loan would help retain 17 existing jobs.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Virginia Beach VA, you ought to talk with a local Virginia Beach SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Virginia Beach businesses.

We can help you find the best banks for small businesses in Virginia Beach or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Getting a Small Business Loan

SBA Participating Banks in Richmond, Virginia

Getting a Business Loan in Virginia