Loan Census Banking News and Information
May 8, 2024  
 
 
  Business Loan Information  
 

SBA Lender Reston, Virginia

 

 
Loan Census SBA Loan Info

Reston, Virginia Bank Gives SBA Loan to Floor Laying And Other Floor Work Company

Get small business loans from a Reston, Virginia bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Cardinal Bank is a Reston, Virginia small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Virginia company.

SBA Loan Borrower

COMPANY TYPE: FLOOR LAYING AND OTHER FLOOR WORK
STERLING, VA 20171

SBA Loan Lender

CARDINAL BANK
11150 SUNSET HILLS RD, STE 11
RESTON, VA 20190

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1752 - Floor Laying and Other Floor Work

NAICS Code

235520 - Floor Laying and Floor Contractors

Loan Approval Date

8/30/2001

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

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 9 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Sterling VA, you ought to talk with a local Sterling SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sterling businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

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SBA Approved Banks in Reston, Virginia

Virginia SBA 7A Lenders