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November 15, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Houston, Business Loans > Small Business Loan Source LLC Houston Business Loans > Automotive Services Loan | ||||
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Woodbridge, Virginia Bank Loan
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Local Business Gets a Virginia Business LoanBusiness loans in Virginia are hard to find these days. We take a look at one Virginia business loan, provided by a Texas bank, that was approved by the SBA. You can learn something about getting a small business loan in Woodbridge, Virginia by studying this loan to a local business, made back in 2002. Banks like Small Business Loan Source LLC may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE SERVICES SBA Loan Lender SMALL BUSINESS LOAN SOURCE LLC This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7549 - Automotive Services NAICS Code 811191 - Automotive Oil Change and Lubrication Shops Loan Approval Date 4/26/2002 Loan Approval Gross Amount $498,000 Loan Approval from the SBA Of the total $498,000 loan amount, the SBA guaranteed $373,500. 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 15 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Family and Friend Investors - Your First Financiers SBA 7A Banks in Houston, Texas
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