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May 15, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Fredericksburg, Business Loans > Second Bank & Trust Fredericksburg Business Loans > Veterinary Services For Animal Specialties Loan | ||||
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SBA Lenders in Virginia
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Business Loan from Second Bank & Trust Given to Veterinary Services For Animal Specialties CompanyAn SBA loan from Second Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Brightwood, Virginia business owner got a $52,400 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Brightwood, Virginia was able to borrow $52,400 from Second Bank & Trust. The SBA made the loan possible by guaranteeing $41,920 of this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: VETERINARY SERVICES FOR ANIMAL SPECIALTIES SBA Loan Lender SECOND BANK & TRUST This lender issued this particular SBA business 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 0742 - Veterinary Services for Animal Specialties NAICS Code 541940 - Veterinary Services Loan Approval Date 11/15/2000 Loan Approval Gross Amount $52,400 Loan Approval from the SBA Of the total $52,400 loan amount, the SBA guaranteed $41,920. 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. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Second Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Second Bank & Trust made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 From a Venture Capitalist Who Lends Money to Small Businesses in Fredericksburg, Virginia
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