How to Get a Loan for Sign Manufacturing

Looking for business loans for sign manufacturing? An SBA loan may be just what you've been looking for. This $150,000 sign manufacturing loan was issued by a Virginia bank.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First Bank, out of Woodstock, Virginia. The loan was granted and they received $150,000 to help grow their Waynesboro, Virginia business.

SBA Loan Borrower

COMPANY TYPE: BURIAL CASKETS
WAYNESBORO, VA 22980

SBA Loan Lender

FIRST BANK
860 S MAIN ST
WOODSTOCK, VA 22664

This lender issued this particular SBA loan 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

3995 - Burial Caskets

NAICS Code

339950 - Sign Manufacturing

Loan Approval Date

12/13/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 2 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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 Incubators

SBA 7A Banks in Woodstock, Virginia

Virginia SBA Banks