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December 21, 2024 |
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| Home > Small Business Lenders by State > District of Columbia Business Loan Sources > Reston, Business Loans > Millennium Bank Reston Business Loans > Dentists Loan | ||||
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Banks Doing SBA Loans in Virginia
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Reston, Virginia Bank Gives SBA Loan to Dentists CompanyA Reston, Virginia business loan can be yours. Learn how a business got a $750,000 business loan from this Virginia bank. This loan to a local firm is a good example of an SBA loan. Millennium Bank made the loan and the SBA guaranteed a portion of the loan. Many other District of Columbia entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: DENTISTS SBA Loan Lender MILLENNIUM BANK This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621210 - Dentists Loan Approval Date 12/22/2004 Loan Approval Gross Amount $750,000 Loan Approval from the SBA Of the total $750,000 loan amount, the SBA guaranteed $562,500. 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 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We can help you find the best banks for small businesses in Washington 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: Best Banks for Small Business in Reston, Virginia
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