Loan Census Banking News and Information
May 18, 2024  
 
 
  Business Loan Information  
 

Advice for Entrepreneurs On Getting a Loan

 

 
Loan Census SBA Loan Info

Marketing Consulting Services Commercial Loans

Looking for commercial loans for marketing consulting services? An SBA loan may be just what you've been looking for. This $30,000 marketing consulting services loan was issued by a Virginia bank.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Planters Bank & Trust - Virginia, out of Staunton, Virginia. The loan was granted and they received $30,000 to help grow their Weyers Cave, Virginia business.

SBA Loan Borrower

COMPANY TYPE: MANAGEMENT CONSULTING SERVICES
WEYERS CAVE, VA 24486

SBA Loan Lender

PLANTERS BANK & TRUST - VIRGINIA
24 S AUGUSTA ST
STAUNTON, VA 24401

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8742 - Management Consulting Services

NAICS Code

541613 - Marketing Consulting Services

Loan Approval Date

8/19/2002

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

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 2 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Planters Bank & Trust - Virginia 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:

How to Raise Money

SBA Approved Banks in Staunton, Virginia

Virginia SBA 7A Lenders