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April 28, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Virginia Beach, Business Loans > Resource Bank Virginia Beach Business Loans > Coastal Cleaning LLC Loan | ||||
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I Need a Business Loan to Buy a Franchise in Virginia Beach, Virginia
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Loan to Buy Cleaning Authority the Franchise Issued By Resource BankBorrowing money to buy a Cleaning Authority the franchise? Resource Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Virginia Beach, Virginia needed money to invest in a Cleaning Authority the franchise back in 2002. Resource Bank issued an SBA franchise loan. Here are the details on this Virginia small business loan. SBA Loan Borrower COASTAL CLEANING LLC SBA Loan Lender RESOURCE BANK This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 561720 - Janitorial Services Loan Approval Date 5/14/2002 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $20,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Cleaning Authority the franchise. At the time of the loan, the company had 14 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 14 existing jobs. Great, But How Can I Get an SBA Loan for My 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 $40,000. How would you spend $40,000 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: SBA 7A Banks in Virginia Beach, Virginia
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