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May 2, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Chesapeake, Business Loans > Monarch Bank Chesapeake Business Loans > Limousine Service Loan | ||||
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Small Business Banks for Virginia Beach, Virginia Entrepreneurs
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Financing for Limousine ServiceWith these loans for limousine service, the SBA guarantees the lender that the loan will be repaid. This limousine service loan for $50,000 was given to a Virginia entrepreneur in 2006. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Virginia Beach, Virginia was able to borrow $50,000 from Monarch Bank. The SBA made the loan possible by guaranteeing $25,000 of this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: LIMOUSINE SERVICE SBA Loan Lender MONARCH BANK This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 485320 - Limousine Service Loan Approval Date 4/19/2006 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 33 employees. The SBA loan documents indicated that the funding would help create 3 new jobs. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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: Small Bank Loans in Chesapeake, Virginia
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