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May 15, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Blacksburg, Business Loans > National Bank - Blacksburg Blacksburg Business Loans > Eating Places Loan | ||||
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SBA Lender Blacksburg
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Blacksburg, Virginia Bank Gives SBA Loan to Eating Places CompanyGet to know Blacksburg, Virginia banks that specialize in SBA loans and know how to work with entrepreneurs. National Bank - Blacksburg is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Blacksburg, Virginia starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from National Bank - Blacksburg. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender NATIONAL BANK - BLACKSBURG This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 10/26/2001 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 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 80 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We can help you find the best banks for small businesses in Blacksburg or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 - Getting Venture Capital Best Blacksburg, Virginia Banks for Small Business
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