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May 14, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Warrenton, Business Loans > The Fauquier Bank Warrenton Business Loans > Masonry, Stone Setting, And Other Stone Work Loan | ||||
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Small Business Banks in Virginia
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Small Business Loans for Masonry and Stone ContractorsLooking for small business loans for masonry and stone contractors? Try the SBA. This $200,000 masonry and stone contractors loan was issued by a Virginia bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Catlett, Virginia was able to borrow $200,000 from The Fauquier Bank. The SBA made the loan possible by guaranteeing $150,000 of this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: MASONRY, STONE SETTING, AND OTHER STONE WORK SBA Loan Lender THE FAUQUIER BANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1741 - Masonry, Stone Setting, and Other Stone Work NAICS Code 235410 - Masonry and Stone Contractors Loan Approval Date 9/17/2003 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 70 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: SBA 7A Banks in Warrenton, Virginia
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