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May 4, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Norfolk, Business Loans > Bank Of The Commonwealth Norfolk Business Loans > Water And Sewer Line And Related Structures Construction Loan | ||||
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SBA Lender Norfolk
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Norfolk, Virginia Bank Lends Money to Water And Sewer Line And Related Structures Construction Company in Chesapeake, VirginiaWant to talk with a Norfolk, Virginia bank about an SBA loan? Here's one Virginia business loan, issued by a Norfolk bank, that was approved by the SBA. Applying for an SBA loan with Bank Of The Commonwealth worked out well for our friends at one local firm in Chesapeake, Virginia. The business was able to get an SBA loan for $350,000. Way to go! SBA Loan Borrower COMPANY TYPE: WATER AND SEWER LINE AND RELATED STRUCTURES CONSTRUCTION SBA Loan Lender BANK OF THE COMMONWEALTH This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 237110 - Water and Sewer Line and Related Structures Construction Loan Approval Date 3/1/2006 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $175,000. 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 2 employees. This SBA loan request indicated that the funding would help create 2 new jobs. Start the Process for Getting an SBA Loan Today! If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source This SBA loan was for $350,000. How would you spend $350,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Who Lends Money to Small Businesses in Norfolk, Virginia
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