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May 17, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Strasburg, Business Loans > First Bank Strasburg Business Loans > Local Trucking Without Storage Loan | ||||
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Virginia Small Business Funding
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Borrowing Money for General Freight Trucking, LocalLooking for bank loans for general freight trucking, local? An SBA loan may be just what you've been looking for. This $79,500 general freight trucking, local loan was issued by a Virginia bank. This small firm knew how to go about getting a business bank loan. Based in Edinburg, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was First Bank, based in Strasburg, Virginia. SBA Loan Borrower COMPANY TYPE: LOCAL TRUCKING WITHOUT STORAGE SBA Loan Lender FIRST BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4212 - Local Trucking Without Storage NAICS Code 484110 - General Freight Trucking, Local Loan Approval Date 10/10/2001 Loan Approval Gross Amount $79,500 Loan Approval from the SBA Of the total $79,500 loan amount, the SBA guaranteed $67,575. 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. The SBA loan application for the borrower did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Best Banks for Small Business in Strasburg, Virginia
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