National Bank - Blacksburg SBA Loan to No Industry Type Specified Company

Searching for a Virginia small business loan? Here's one Virginia business loan that was approved by the SBA.

This growing company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with National Bank - Blacksburg, out of Blacksburg, Virginia. The loan was granted and they received $25,000 to help grow their Newport, Virginia business.

SBA Loan Borrower

COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
NEWPORT, VA 24128

SBA Loan Lender

NATIONAL BANK - BLACKSBURG
100 S MAIN ST
BLACKSBURG, VA 24060

The lender provided this 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

541710 -

Loan Approval Date

2/14/2007

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Newport VA, you ought to talk with a local Newport SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Newport businesses.

We can help you find the best banks for small businesses in Newport or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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