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May 1, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Power And Communication Line And Related Structures Construction Loan | ||||
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Richmond SBA Loans
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Ge Cap. Small Business Finan Corp Gives Small Business Loan to Power And Communication Line And Related Structures Construction CompanySBA loans in Virginia are tough to come by these days. We take a look at one Virginia SBA loan, provided by a Missouri bank, that was approved by the SBA. Getting a small business loan in Richmond, Virginia was a top priority for this particular business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Ge Cap. Small Business Finan Corp. Here are the details on this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: POWER AND COMMUNICATION LINE AND RELATED STRUCTURES CONSTRUCTION SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP This lender provides SBA business 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 237130 - Power and Communication Line and Related Structures Construction Loan Approval Date 3/23/2004 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. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 68 employees. The SBA loan application for the borrower indicated that the loan would help retain 68 existing jobs. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: Where to Get an SBA Loan in St. Louis, Missouri Find an SBA Lender in Missouri
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