Branch Bank & Trust SBA Loan to Eating Places Company

Searching for a Virginia SBA loan? Here's one Virginia business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in Winchester, Virginia, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Branch Bank & Trust, based in Berryville, Virginia.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
WINCHESTER, VA 22601

SBA Loan Lender

BRANCH BANK & TRUST
23 N CHURCH ST
BERRYVILLE, VA 22611

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

3/24/2000

Loan Approval Gross Amount

$63,000

Loan Approval from the SBA

Of the total $63,000 loan amount, the SBA guaranteed $50,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in Winchester 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.

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