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May 15, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Baltimore, Business Loans > Manufacturers & Traders Trust Baltimore Business Loans > Traveler Accommodation Loan | ||||
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Business Loans for Alexandria Business Owners
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Traveler Accommodation LoansWith these loans for traveler accommodation, the SBA guarantees the lender that the loan will be repaid. This traveler accommodation loan for $1,061,000 was given to a Virginia entrepreneur in 2001. Getting a small business loan in Alexandria, Virginia was important for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Manufacturers & Traders Trust, operating out of Baltimore, Maryland. Here are the details on this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: TRAVELER ACCOMMODATION SBA Loan Lender MANUFACTURERS & TRADERS TRUST 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. NAICS Code 721199 - Traveler Accommodation Loan Approval Date 11/28/2001 Loan Approval Gross Amount $1,061,000 Loan Approval from the SBA Of the total $1,061,000 loan amount, the SBA guaranteed $795,750. 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 17 employees. The SBA loan documents indicated that the loan would help retain 17 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Good Banks for Small Business in Baltimore, Maryland Getting an SBA Loan in Maryland
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