Surrey Bank & Trust Gives Small Business Loan to Machine Shops Company

VirginiaBank loans are available to Virginia firms through the SBA. In this case, a North Carolina bank provides the loan.

You can learn something about getting a small business loan in Woolwine, Virginia by studying this loan to a local company, made back in 2005. Banks like Surrey Bank & Trust may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: MACHINE SHOPS
WOOLWINE, VA 24185

SBA Loan Lender

SURREY BANK & TRUST
145 N RENFRO ST
MOUNT AIRY, NC 27030

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

332710 - Machine Shops

Loan Approval Date

12/16/2005

Loan Approval Gross Amount

$73,000

Loan Approval from the SBA

Of the total $73,000 loan amount, the SBA guaranteed $36,500.

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 36 employees. The loan application indicated that the loan would help retain 36 existing jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Woolwine VA, you ought to talk with a local Woolwine SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Woolwine businesses.

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.

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