Provident Bank Of Maryland Gives Business Loan to Clothing Stores Company
VirginiaBusiness loans are available to Virginia business owners through the SBA. In this case, a Virginia bank provides the loan.
You can learn something about getting a small business loan in Marumsco Acres, Virginia by studying this loan to a local business, made back in 2002. Banks like Provident Bank Of Maryland may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: CLOTHING STORES
MARUMSCO ACRES, VA 20109
SBA Loan Lender
PROVIDENT BANK OF MARYLAND
37 E MAIN ST
WARRENTON, VA 20186
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
448190 - Clothing Stores
Loan Approval Date
8/9/2002
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $63,750.
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 14 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 14 existing jobs.
Next Steps for Getting an SBA Loan
If you need business start up money in Marumsco Acres VA, you ought to talk with a local Marumsco Acres SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Marumsco Acres businesses.
This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? 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:
Getting a Small Business Loan
Best Banks in Warrenton, Virginia
Getting an SBA Loan in Virginia