Raising Money for Snack and Nonalcoholic Beverage Bars

Looking for business loans for snack and nonalcoholic beverage bars? Try the SBA. This $83,647 snack and nonalcoholic beverage bars loan was issued by a Virginia bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Amer National Bank & Trust, out of Martinsville, Virginia. The loan was granted and they received $83,647 to help grow their Martinsville, Virginia business.

SBA Loan Borrower

COMPANY TYPE: RETAIL BAKERIES
MARTINSVILLE, VA 24112

SBA Loan Lender

AMER NATIONAL BANK & TRUST
201 E MAIN ST
MARTINSVILLE, VA 24112

This 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

5461 - Retail Bakeries

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

4/5/2006

Loan Approval Gross Amount

$83,647

Loan Approval from the SBA

Of the total $83,647 loan amount, the SBA guaranteed $71,100.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $83,647 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

How Much Venture Capital Is There?

Where to Get an SBA Loan in Martinsville, Virginia

Find an SBA Lender in Virginia