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May 6, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > West Point, Business Loans > Citizens & Farmers Bank West Point Business Loans > Business Services Loan | ||||
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I Need a Business Loan in Richmond, Virginia
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Small Business Loans for Telemarketing Bureaus and Contact CentersLooking for small business loans for telemarketing bureaus and contact centers? Talk to a banker who works with the SBA. This $150,000 telemarketing bureaus and contact centers loan was issued by a Virginia bank. This small firm knew how to go about getting a business bank loan. Based in Richmond, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Citizens & Farmers Bank, based in West Point, Virginia. SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender CITIZENS & FARMERS BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 561422 - Telemarketing Bureaus and Contact Centers Loan Approval Date 3/8/2002 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. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Citizens & Farmers Bank and they will explain how you can get an SBA loan for your company. 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: Banking Deregulation's Effects on Entrepreneurship Small Business Banks in West Point, Virginia
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