Pet and Pet Supplies Stores Business Loans

With these business loans for pet and pet supplies stores, the SBA guarantees the lender that the loan will be repaid. This pet and pet supplies stores loan for $100,000 was given to a Virginia entrepreneur in 2005.

Getting a small business loan in Waynesboro, Virginia was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Planters Bank & Trust - Virginia, operating out of Staunton, Virginia. Here are the details on this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: PET AND PET SUPPLIES STORES
WAYNESBORO, VA 22980

SBA Loan Lender

PLANTERS BANK & TRUST - VIRGINIA
24 S AUGUSTA ST
STAUNTON, VA 24401

This lender issued this particular SBA bank 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.

NAICS Code

453910 - Pet and Pet Supplies Stores

Loan Approval Date

4/18/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees.

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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Planters Bank & Trust - Virginia and they will explain how you can get an SBA loan for your company.

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:

Bank Credit Lines

SBA 7A Lenders in Staunton, Virginia

Getting an SBA Loan in Virginia