Commercial and Institutional Building Construction Commercial Loans

Looking for commercial loans for commercial and institutional building construction? The SBA may be the answer. This $150,000 commercial and institutional building construction loan was issued by a Maryland bank.

Getting a small business loan in Falls Church, Virginia was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Chevy Chase Bank, F.S.B., operating out of Chevy Chase, Maryland. Here are the details on this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND INSTITUTIONAL BUILDING CONSTRUCTION
FALLS CHURCH, VA 22042

SBA Loan Lender

CHEVY CHASE BANK, F.S.B.
8401 CONNECTICUT AVE
CHEVY CHASE, MD 20815

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.

NAICS Code

233320 - Commercial and Institutional Building Construction

Loan Approval Date

8/20/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 62 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, if it to be, it is up to me!

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.

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SBA 7A Banks for Chevy Chase, Maryland Loans

Getting an SBA Loan in Maryland