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May 3, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Hartford, Business Loans > Business Lenders, LLC Hartford Business Loans > Commercial Equipment Loan | ||||
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Tips for Small Business Owners On Getting a Loan
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Commercial Equipment Wholesalers Small Business LoansLooking for small business loans for commercial equipment wholesalers? An SBA loan may be just what you've been looking for. This $600,000 commercial equipment wholesalers loan was issued by a Connecticut bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Richmond, Virginia was able to borrow $600,000 from Business Lenders, LLC. The SBA made the loan possible by guaranteeing $450,000 of this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL EQUIPMENT SBA Loan Lender BUSINESS LENDERS, LLC This small business 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 5046 - Commercial Equipment NAICS Code 421440 - Commercial Equipment Wholesalers Loan Approval Date 7/7/2000 Loan Approval Gross Amount $600,000 Loan Approval from the SBA Of the total $600,000 loan amount, the SBA guaranteed $450,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 22 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $600,000. How would you spend $600,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Raising VC Money for Social Networking Companies Who Lends Money to Small Businesses in Hartford, Connecticut
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