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November 15, 2024 |
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| Home > Small Business Lenders by State > District of Columbia Business Loan Sources > Washington, Business Loans > The Adams National Bank Washington Business Loans > Business Consulting Services Loan | ||||
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Washington, District of Columbia Bank Loan
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Firm Gets a District of Columbia Bank LoanDistrict of ColumbiaSmall business loans are available to District of Columbia small business owners through the SBA. In this case, a District of Columbia bank provides the loan. This business, based in Washington, District of Columbia, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from The Adams National Bank. We've got the inside scoop on this District of Columbia small business loan. SBA Loan Borrower COMPANY TYPE: BUSINESS CONSULTING SERVICES SBA Loan Lender THE ADAMS NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8748 - Business Consulting Services NAICS Code 541618 - Management Consulting Services Loan Approval Date 10/3/2001 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. 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 24 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The Adams National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Borrowing Money from Friends and Family Best Washington, District of Columbia Banks for Small Business District of Columbia SBA 7A Lenders
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