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May 14, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Warrenton, Business Loans > Provident Bank Of Maryland Warrenton Business Loans > Eating Places Loan | ||||
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What Does It Take to Get a Business Loan in Fredericksburg, Virginia?
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Get an SBA Loan for Full-Service RestaurantsLooking for small business loans for full-service restaurants? The SBA may be the answer. This $24,000 full-service restaurants loan was issued by a Virginia bank. This company knew how to go about getting a business bank loan. Based in Fredericksburg, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Provident Bank Of Maryland, based in Warrenton, Virginia. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender PROVIDENT BANK OF MARYLAND 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 12/11/2002 Loan Approval Gross Amount $24,000 Loan Approval from the SBA Of the total $24,000 loan amount, the SBA guaranteed $20,400. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 39 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Realistic Debt Financing Options Best Banks in Warrenton, Virginia
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