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May 2, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Virginia Beach, Business Loans > Resource Bank Virginia Beach Business Loans > Velocity Sports Performance Loan | ||||
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Raising Money in Glen Allen, Virginia With SBA Loans
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Glen Allen, VA Entrepreneur Gets SBA Loan to Buy Velocity Sports Performance FranchiseBorrowing money to purchase a Velocity Sports Performance franchise? Resource Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Velocity Sports Performance franchise? If so, here's a 2004 SBA franchise loan that you should know about. Resource Bank was the lender and the entrepreneur was based in Glen Allen, Virginia. SBA Loan Borrower VELOCITY SPORTS PERFORMANCE SBA Loan Lender RESOURCE BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611620 - Sports and Recreation Instruction Loan Approval Date 2/23/2004 Loan Approval Gross Amount $390,000 Loan Approval from the SBA Of the total $390,000 loan amount, the SBA guaranteed $292,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Velocity Sports Performance franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 1 existing job. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Resource Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Obtaining Funding - How to Borrow Money Where to Get an SBA Loan in Virginia Beach, Virginia Find an SBA Lender in Virginia
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