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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 > Roofing Contractors Loan | ||||
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Getting a Small Business Loan in Christiansburg, Virginia
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Local Business Gets a Virginia SBA LoanWould a Virginia business loan help your company expand? If so, you may want to talk with this Virginia bank, which offers SBA loans to Virginia entrepreneurs. You can learn something about getting a small business loan in Christiansburg, Virginia by studying this loan to a local business, made back in 2005. Banks like National Bank - Blacksburg may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: ROOFING CONTRACTORS SBA Loan Lender NATIONAL BANK - BLACKSBURG This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238160 - Roofing Contractors Loan Approval Date 4/1/2005 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you want money for new small business in Christiansburg VA, you ought to talk with a local Christiansburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Christiansburg businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. National Bank - Blacksburg had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, National Bank - Blacksburg 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: SBA 7A Lenders in Blacksburg, Virginia
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