Consumer Goods Rental Commercial Loans
Looking for commercial loans for consumer goods rental? An SBA loan may be just what you've been looking for. This $25,000 consumer goods rental loan was issued by a Virginia bank.
This business knew how to go about getting a business bank loan. Based in Westport, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Capital One Bank (usa), based in Glen Allen, Virginia.
SBA Loan Borrower
COMPANY TYPE: CONSUMER GOODS RENTAL
WESTPORT, MA 02790
SBA Loan Lender
CAPITAL ONE BANK (USA)
4851 COX RD
GLEN ALLEN, VA 23060
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
532299 - Consumer Goods Rental
Loan Approval Date
1/29/2008
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $12,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 20 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 20 existing jobs.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Capital One Bank (usa) 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.
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