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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 > Plumbing, Heating, And Air-Conditioning Contractors Loan | ||||
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Second Bank & Trust Small Business Loan
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Borrowing Money for Plumbing, Heating, and Air-Conditioning ContractorsLooking for bank loans for plumbing, heating, and air-conditioning contractors? The SBA may be the answer. This $75,000 plumbing, heating, and air-conditioning contractors loan was issued by a Virginia bank. This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Second Bank & Trust, out of Fredericksburg, Virginia. The loan was granted and they received $75,000 to help grow their Fredericksburg, Virginia business. SBA Loan Borrower COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING CONTRACTORS SBA Loan Lender SECOND BANK & TRUST The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 238220 - Plumbing, Heating, and Air-Conditioning Contractors Loan Approval Date 12/5/2005 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. 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 35 employees. The SBA loan application for the borrower did not indicate that the small business planned 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 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $75,000 loan. Remember, fight for what you want, and it will be yours! 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 - How to Decide How Much to Raise Best Banks in Fredericksburg, Virginia
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