 |
 |
May 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Virginia Business Loan Sources > Virginia Beach, Business Loans > Resource Bank Virginia Beach Business Loans > Concrete Product Manufacturing Loan | ||||
 |
||||
Small Business Banks in Virginia
|
||||
 |
Concrete Product Manufacturing Small Business LoansLooking for small business loans for concrete product manufacturing? An SBA loan may be just what you've been looking for. This $1,520,000 concrete product manufacturing loan was issued by a Virginia bank. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Resource Bank, out of Virginia Beach, Virginia. The loan was granted and they received $1,520,000 to help grow their Fredericksburg, Virginia business. SBA Loan Borrower COMPANY TYPE: CONCRETE PRODUCT MANUFACTURING SBA Loan Lender RESOURCE 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 327390 - Concrete Product Manufacturing Loan Approval Date 4/13/2005 Loan Approval Gross Amount $1,520,000 Loan Approval from the SBA Of the total $1,520,000 loan amount, the SBA guaranteed $1,140,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 35 existing jobs. Getting an SBA Loan For Your Business If you need money to start a small business or need money for an existing business, an SBA loan can be a great way to raise money 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: SBA 7A Lenders in Virginia Beach, Virginia
|
|
||
|
||||
|
|
||||