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December 25, 2024  
 
 
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Virginia SBA Lenders

 

 
Loan Census SBA Loan Info

Onley, Virginia Bank Gives SBA Loan to Museums And Art Galleries Company

Want to talk with an Onley, Virginia bank about an SBA loan? Here's one Virginia business loan, issued by an Onley bank, that was approved by the SBA.

Applying for an SBA loan with Shore Bank worked out well for our friends at one local firm in Wachapreague, Virginia. They got an SBA loan for $15,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: MUSEUMS AND ART GALLERIES
WACHAPREAGUE, VA 23480

SBA Loan Lender

SHORE BANK
25020 SHORE PKWY
ONLEY, VA 23418

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8412 - Museums and Art Galleries

Loan Approval Date

4/24/2000

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $12,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

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

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great funding source

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Shore Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Bank Credit Lines

Good Banks for Small Business in Onley, Virginia

Getting an SBA Loan in Virginia