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May 11, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Winston Salem, Business Loans > Branch Bank & Trust Winston Salem Business Loans > Store Retailers Loan | ||||
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We Needed an SBA Loan in Staunton, Virginia and We Got One!
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Store Retailers Commercial LoansLooking for commercial loans for store retailers? Talk to a banker who works with the SBA. This $42,800 store retailers loan was issued by a North Carolina bank. Getting a small business loan in Staunton, Virginia was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Branch Bank & Trust, operating out of Winston Salem, North Carolina. Here are the details on this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: STORE RETAILERS SBA Loan Lender BRANCH BANK & TRUST This SBA 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. NAICS Code 453998 - Store Retailers Loan Approval Date 11/13/2007 Loan Approval Gross Amount $42,800 Loan Approval from the SBA Of the total $42,800 loan amount, the SBA guaranteed $36,380. 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 only one employee. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Branch Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Best Banks for Small Business in Winston Salem, North Carolina
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