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November 15, 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 > Eating Places Loan | ||||
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Virginia SBA Banks
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Reston, Virginia Lender Lends Money to Eating Places CompanyGet business loans from a Reston, Virginia bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Millennium Bank is a Reston, Virginia small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a District of Columbia company. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender MILLENNIUM BANK 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 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/9/2002 Loan Approval Gross Amount $140,000 Loan Approval from the SBA Of the total $140,000 loan amount, the SBA guaranteed $119,000. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $140,000 loan. Remember, if it to be, it is up to me! 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: Small Business Banks in Reston, Virginia
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