SBA Loans for Armored Car Services

With these SBA loans for armored car services, the SBA guarantees the lender that the loan will be repaid. This armored car services loan for $75,000 was given to a Virginia entrepreneur in 2003.

Getting a small business loan in Warrenton, Virginia was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Franklin Commun Bank, operating out of Rocky Mount, Virginia. Here are the details on this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: MANAGEMENT CONSULTING SERVICES
WARRENTON, VA 20186

SBA Loan Lender

FRANKLIN COMMUN BANK
400 OLD FRANKLIN TPKE, STE 10
ROCKY MOUNT, VA 24151

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8742 - Management Consulting Services

NAICS Code

561613 - Armored Car Services

Loan Approval Date

7/9/2003

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

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 6 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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

Related Links:

Business Line of Credit

Where to Get an SBA Loan in Rocky Mount, Virginia

Where to Get an SBA Loan Virginia