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May 3, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Mclean, Business Loans > Cardinal Bank Mclean Business Loans > Database And Directory Publishers Loan | ||||
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Mclean Lenders
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Mclean, Virginia Lender Lends Money to Database And Directory Publishers CompanyGet small business loans from a Mclean, Virginia bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Cardinal Bank is a Mclean, Virginia small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Maryland company. SBA Loan Borrower COMPANY TYPE: DATABASE AND DIRECTORY PUBLISHERS SBA Loan Lender CARDINAL BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 511140 - Database and Directory Publishers Loan Approval Date 2/7/2008 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 27 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 27 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Cardinal Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: How Much Venture Capital Is There? Where to Get an SBA Loan Virginia
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