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December 22, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Vienna, Business Loans > Access National Bank Vienna Business Loans > Fur And Leather Apparel Manufacturing Loan | ||||
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Raising Money in Winchester, Virginia With SBA Loans
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Get an SBA Loan for Fur and Leather Apparel ManufacturingWith these bank loans for fur and leather apparel manufacturing, the SBA guarantees the lender that the loan will be repaid. This fur and leather apparel manufacturing loan for $750,000 was given to a Virginia entrepreneur in 2007. This company knew how to go about getting a business bank loan. Based in Winchester, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Access National Bank, based in Vienna, Virginia. SBA Loan Borrower COMPANY TYPE: FUR AND LEATHER APPAREL MANUFACTURING SBA Loan Lender ACCESS NATIONAL BANK This lender issued this loan for a small business under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 315292 - Fur and Leather Apparel Manufacturing Loan Approval Date 4/9/2007 Loan Approval Gross Amount $750,000 Loan Approval from the SBA Of the total $750,000 loan amount, the SBA guaranteed $562,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 150 employees. The SBA loan documents indicated that the loan would help retain 150 existing jobs. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 Access National Bank 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: Dealing With Venture Capitalists
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