Small Business Loans for Household Vacuum Cleaner Manufacturing

With these small business loans for household vacuum cleaner manufacturing, the SBA guarantees the lender that the loan will be repaid. This household vacuum cleaner manufacturing loan for $300,000 was given to a Virginia entrepreneur in 2002.

This small firm knew how to go about getting a business bank loan. Based in Roanoke, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was First National Bank, based in Roanoke, Virginia.

SBA Loan Borrower

COMPANY TYPE: HOUSEHOLD VACUUM CLEANERS
ROANOKE, VA 24017

SBA Loan Lender

FIRST NATIONAL BANK
302 MARKET ST
ROANOKE, VA 24011

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3635 - Household Vacuum Cleaners

NAICS Code

335212 - Household Vacuum Cleaner Manufacturing

Loan Approval Date

3/29/2002

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $270,000.

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 12 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We can help you find the best banks for small businesses in Roanoke 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.

Related Links:

Attracting Investors

Banks in Roanoke, Virginia

Virginia SBA Bank Lenders