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May 15, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Warrenton, Business Loans > Provident Bank Of Maryland Warrenton Business Loans > Truck Rental And Leasing, Without Drivers Loan | ||||
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Raising Money in Ashland, Virginia With SBA Loans
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Getting an SBA Loan for Truck, Utility Trailer, and RV Rental and LeasingLooking for commercial loans for truck, utility trailer, and rv rental and leasing? An SBA loan may be just what you've been looking for. This $1,100,000 truck, utility trailer, and rv rental and leasing loan was issued by a Virginia bank. This business knew how to go about getting a business bank loan. Based in Ashland, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Provident Bank Of Maryland, based in Warrenton, Virginia. SBA Loan Borrower COMPANY TYPE: TRUCK RENTAL AND LEASING, WITHOUT DRIVERS SBA Loan Lender PROVIDENT BANK OF MARYLAND This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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. SIC Code 7513 - Truck Rental and Leasing, Without Drivers NAICS Code 532120 - Truck, Utility Trailer, and RV Rental and Leasing Loan Approval Date 1/2/2004 Loan Approval Gross Amount $1,100,000 Loan Approval from the SBA Of the total $1,100,000 loan amount, the SBA guaranteed $825,000. 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 5 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your 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 company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Best Banks in Warrenton, Virginia
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