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May 14, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Bristol, Business Loans > 1st Bank & Trust Bristol Business Loans > Skilled Nursing Care Facilities Loan | ||||
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Raising Money in Abingdon, Virginia With SBA Loans
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Growing Company Gets a Virginia SBA LoanVirginiaBank loans are available to Virginia firms through the SBA. In this case, a Virginia bank provides the loan. You can learn something about getting a small business loan in Abingdon, Virginia by studying this loan to a local company, made back in 2003. Banks like 1st Bank & Trust may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: SKILLED NURSING CARE FACILITIES SBA Loan Lender 1ST BANK & TRUST This commercial loan 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 8051 - Skilled Nursing Care Facilities NAICS Code 623311 - Continuing Care Retirement Communities Loan Approval Date 12/2/2003 Loan Approval Gross Amount $290,000 Loan Approval from the SBA Of the total $290,000 loan amount, the SBA guaranteed $217,500. 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 9 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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: A Company That Helps Entrepreneurs SBA 7A Banks for Bristol, Virginia Loans Find an SBA Lender in Virginia
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