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April 23, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Buena Park, Business Loans > Uniti Bank Buena Park Business Loans > Grocery Stores Loan | ||||
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Virginia Business Loans from Uniti Bank
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SBA Loan from Uniti Bank Helps Grocery Stores CompanyUniti Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Virginia entrepreneur was able to get a loan to take a small business to the next level. This growing company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Uniti Bank, out of Buena Park, California. The loan was granted and they received $825,000 to help grow their Scottsville, Virginia business. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender UNITI BANK This SBA 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 5411 - Grocery Stores NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 1/9/2006 Loan Approval Gross Amount $825,000 Loan Approval from the SBA Of the total $825,000 loan amount, the SBA guaranteed $618,750. 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 8 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a company in Scottsville VA, you ought to talk with a local Scottsville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Scottsville businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $825,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Accountant's Role in Securing Financing Small Business Banks in Buena Park, California
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