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May 10, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Wood Kitchen Cabinet And Countertop Manufacturing Loan | ||||
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We Needed an SBA Loan in Weaubleau, Missouri and We Got One!
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Where to Get Capital for Wood Kitchen Cabinet and Countertop ManufacturingLooking for small business loans for wood kitchen cabinet and countertop manufacturing? An SBA loan may be just what you've been looking for. This $15,000 wood kitchen cabinet and countertop manufacturing loan was issued by a Virginia bank. This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Capital One, out of Mclean, Virginia. The loan was granted and they received $15,000 to help grow their Weaubleau, Missouri business. SBA Loan Borrower COMPANY TYPE: WOOD KITCHEN CABINET AND COUNTERTOP MANUFACTURING SBA Loan Lender CAPITAL ONE The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 337110 - Wood Kitchen Cabinet and Countertop Manufacturing Loan Approval Date 4/17/2007 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $7,500. 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 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Capital One and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Borrowing Money from Friends and Family Find an SBA Lender in Mclean, Virginia Getting a Business Loan in Virginia
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