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May 2, 2024 |
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| Home > Small Business Lenders by State > District of Columbia Business Loan Sources > Warrenton, Business Loans > Provident Bank Of Maryland Warrenton Business Loans > Eating Places Loan | ||||
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Virginia SBA 7A Lenders
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Warrenton, Virginia Bank Gives SBA Loan to Eating Places CompanyThinking about meeting with a Warrenton, Virginia bank about an SBA loan? Here's one District of Columbia business loan, issued by a Warrenton bank, that was approved by the SBA. Applying for an SBA loan with Provident Bank Of Maryland worked out well for our friends at one local company in Washington, District of Columbia. They received an SBA loan for $85,000. Awesome! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender PROVIDENT BANK OF MARYLAND The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to to our country's hard-working small business owners. 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 4/28/2000 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $68,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Provident Bank Of Maryland so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Determining Proper Capital Structure for a Business SBA Approved Banks in Warrenton, Virginia
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