Financing for Specialty Trade Contractors

Looking for loans for specialty trade contractors? An SBA loan may be just what you've been looking for. This $130,000 specialty trade contractors loan was issued by a Virginia bank.

This small firm knew how to go about getting a business bank loan. Based in Beltsville, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Mainstreet Bank, based in Herndon, Virginia.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
BELTSVILLE, MD 20705

SBA Loan Lender

MAINSTREET BANK
727 ELDEN ST
HERNDON, VA 20170

This SBA bank 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.

NAICS Code

238990 - Specialty Trade Contractors

Loan Approval Date

3/8/2006

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

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 6 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? 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:

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SBA 7A Banks in Herndon, Virginia

Getting an SBA Loan in Virginia