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May 16, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Randallstown, Business Loans > K Bank Randallstown Business Loans > Hotels And Motels Loan | ||||
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K Bank Round Hill, Virginia
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Business Loan from K Bank Given to Hotels And Motels CompanyAn SBA loan from K Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Round Hill, Virginia business owner got a $255,000 loan. Getting a small business loan in Round Hill, Virginia was an essential business goal for this firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from K Bank, operating out of Randallstown, Maryland. Here are the details on this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender K BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels Loan Approval Date 5/22/2000 Loan Approval Gross Amount $255,000 Loan Approval from the SBA Of the total $255,000 loan amount, the SBA guaranteed $191,250. 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 2 employees. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Dealing With Venture Capitalists SBA 7A Lenders in Randallstown, Maryland
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