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April 28, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Irving, Business Loans > Amresco Sba Holdings, Inc. Irving Business Loans > Eating Places Loan | ||||
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SBA Lender Virginia
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SBA Loan from Amresco Sba Holdings, Inc. Helps Eating Places CompanyAmresco Sba Holdings, Inc. is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Virginia entrepreneur who tapped into the power of SBA loans. This growing company knew how to go about getting a business bank loan. Based in Virginia Beach, Virginia, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Amresco Sba Holdings, Inc., based in Irving, Texas. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender AMRESCO SBA HOLDINGS, INC. This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 4/19/2000 Loan Approval Gross Amount $725,500 Loan Approval from the SBA Of the total $725,500 loan amount, the SBA guaranteed $544,125. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 30 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 25 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Amresco Sba Holdings, Inc. that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Microlending as a Small Business Funding Source
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