Loan Census Banking News and Information
April 29, 2024  
 
 
  Business Loan Information  
 

Banks Doing SBA Loans in Virginia

 

 
Loan Census SBA Loan Info

Mclean, Virginia Bank Gives SBA Loan to Chemical And Allied Products Merchant Wholesalers Company

Thinking about meeting with a Mclean, Virginia bank about a business loan? Here's one Nevada business loan, issued by a Mclean bank, that was approved by the SBA.

Applying for an SBA loan with Capital One worked out well for our friends at one local company in Las Vegas, Nevada. The business was able to get an SBA loan for $50,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: CHEMICAL AND ALLIED PRODUCTS MERCHANT WHOLESALERS
LAS VEGAS, NV 89117

SBA Loan Lender

CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102

The lender provided this SBA 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

424690 - Chemical and Allied Products Merchant Wholesalers

Loan Approval Date

4/6/2006

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Capital One and they will explain how you can get an SBA loan for your company.

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:

How to Raise Money

SBA Participating Banks in Mclean, Virginia

Virginia SBA 7A Lenders