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May 6, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Chesapeake, Business Loans > Monarch Bank Chesapeake Business Loans > Building Equipment Contractors Loan | ||||
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Monarch Bank Business Loans
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Building Equipment Contractors Business LoansWith these business loans for building equipment contractors, the SBA guarantees the lender that the loan will be repaid. This building equipment contractors loan for $200,000 was given to a Virginia entrepreneur in 2005. Getting a small business loan in Norfolk, Virginia was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Monarch Bank, operating out of Chesapeake, Virginia. Here are the details on this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: BUILDING EQUIPMENT CONTRACTORS SBA Loan Lender MONARCH BANK This lender processed this commercial 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 238290 - Building Equipment Contractors Loan Approval Date 6/30/2005 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. 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 3 employees. The loan application indicated that the funding would help create 3 new jobs. Start the Process for Getting an SBA Loan Today! 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. We can help you find the best banks for small businesses in Norfolk or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA 7A Lenders in Chesapeake, Virginia Browse All Business Loan Sources for Virginia
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