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May 8, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Reston, Business Loans > Access National Bank Reston Business Loans > Medicinal Chemicals And Botanical Products Loan | ||||
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Small Business Loans for Medicinal and Botanical ManufacturingLooking for small business loans for medicinal and botanical manufacturing? An SBA loan may be just what you've been looking for. This $125,000 medicinal and botanical manufacturing loan was issued by a Virginia bank. This small firm knew how to go about getting a business bank loan. Based in Herndon, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Access National Bank, based in Reston, Virginia. SBA Loan Borrower COMPANY TYPE: MEDICINAL CHEMICALS AND BOTANICAL PRODUCTS SBA Loan Lender ACCESS NATIONAL BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2833 - Medicinal Chemicals and Botanical Products NAICS Code 325411 - Medicinal and Botanical Manufacturing Loan Approval Date 2/4/2004 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. 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 8 employees. The loan application 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? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $125,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Find an SBA Lender in Reston, Virginia
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