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May 13, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Wood Kitchen Cabinet And Countertop Manufacturing Loan | ||||
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SBA 7A Banks for Washington, Utah Businesses
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SBA Loans for Wood Kitchen Cabinet and Countertop ManufacturingLooking for SBA loans for wood kitchen cabinet and countertop manufacturing? An SBA loan may be just what you've been looking for. This $237,700 wood kitchen cabinet and countertop manufacturing loan was issued by a Virginia bank. This small business knew how to go about getting a business bank loan. Based in Washington, Utah, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Business Loan Center, LLC, based in Richmond, Virginia. SBA Loan Borrower COMPANY TYPE: WOOD KITCHEN CABINET AND COUNTERTOP MANUFACTURING SBA Loan Lender BUSINESS LOAN CENTER, LLC Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 337110 - Wood Kitchen Cabinet and Countertop Manufacturing Loan Approval Date 3/21/2002 Loan Approval Gross Amount $237,700 Loan Approval from the SBA Of the total $237,700 loan amount, the SBA guaranteed $178,275. 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 application for the borrower indicated that the loan would help generate 2 new jobs and retain 7 existing jobs. 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. 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: Determining Proper Capital Structure for a Business SBA Banks in Richmond, Virginia Getting an SBA Loan in Virginia
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