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May 3, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Birmingham, Business Loans > Compass Bank Birmingham Business Loans > Dentists Loan | ||||
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We Needed an SBA Loan in Herndon, Virginia and We Got One!
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Dentists Bank LoansWith these bank loans for dentists, the SBA guarantees the lender that the loan will be repaid. This dentists loan for $473,000 was given to a Virginia entrepreneur in 2007. Getting a small business loan in Herndon, Virginia was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Compass Bank, operating out of Birmingham, Alabama. Here are the details on this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: DENTISTS SBA Loan Lender COMPASS BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621210 - Dentists Loan Approval Date 12/14/2007 Loan Approval Gross Amount $473,000 Loan Approval from the SBA Of the total $473,000 loan amount, the SBA guaranteed $354,750. 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 indicated that the loan would help generate 1 new job and retain 1 existing job. Getting an SBA Loan For Your Business If you need business start up money in Herndon VA, you ought to talk with a local Herndon SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Herndon businesses. 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 $473,000 loan. Remember, where there is a will, there is a way! 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 Birmingham, Alabama
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