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May 14, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Ashland, Business Loans > Union Bank And Trust Company Ashland Business Loans > Trucking Loan | ||||
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Tips for Business Owners On Getting a Loan
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Financing for General Long-Distance Freight TruckingLooking for loans for general long-distance freight trucking? Talk to a banker who works with the SBA. This $45,000 general long-distance freight trucking loan was issued by a Virginia bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Aylett, Virginia was able to borrow $45,000 from Union Bank And Trust Company. The SBA made the loan possible by guaranteeing $38,250 of this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: TRUCKING SBA Loan Lender UNION BANK AND TRUST COMPANY This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4213 - Trucking NAICS Code 484121 - General Long-Distance Freight Trucking Loan Approval Date 1/13/2003 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $38,250. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you want money for new small business in Aylett VA, you ought to talk with a local Aylett SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Aylett businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Obtaining Funding - How to Borrow Money Who Lends Money to Small Businesses in Ashland, Virginia Browse All Business Loan Sources for Virginia
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