Entrepreneur Works With Warrenton, Virginia Bank to Get an SBA Loan

Get to know Warrenton, Virginia banks that specialize in SBA loans and know how to work with entrepreneurs. The Fauquier Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Warrenton, Virginia starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from The Fauquier Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
WARRENTON, VA 20186

SBA Loan Lender

THE FAUQUIER BANK
10 COURTHOUSE SQ
WARRENTON, VA 20186

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

621111 - Physicians

Loan Approval Date

10/13/2005

Loan Approval Gross Amount

$230,000

Loan Approval from the SBA

Of the total $230,000 loan amount, the SBA guaranteed $115,000.

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 only one employee. The SBA loan documents indicated that the funding would help create 4 new jobs.

Getting an SBA Loan For Your Business

If you need business start up money in Warrenton VA, you ought to talk with a local Warrenton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Warrenton businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Fauquier Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Fauquier Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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