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May 12, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Construction Machinery And Equipment Loan | ||||
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Who Lends Money to Ruckersville Entrepreneurs
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Ruckersville, Virginia Entrepreneur Gets an SBA LoanSearching for a Virginia bank loan? This Virginia entrepreneur got a bank loan, provided by a Virginia bank that works with the SBA to help small business owners. By giving the right information to Business Loan Center, LLC, this Ruckersville, Virginia business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: CONSTRUCTION MACHINERY AND EQUIPMENT SBA Loan Lender BUSINESS LOAN CENTER, LLC SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3531 - Construction Machinery and Equipment NAICS Code 333120 - Construction Machinery Manufacturing Loan Approval Date 11/17/2005 Loan Approval Gross Amount $690,000 Loan Approval from the SBA Of the total $690,000 loan amount, the SBA guaranteed $517,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money 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 Business Loan Center, LLC 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: SBA 7A Banks in Richmond, Virginia Browse All Business Loan Sources for Virginia
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