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May 18, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Winchester, Business Loans > United Bank Winchester Business Loans > Caterers Loan | ||||
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Virginia Bank SBA Loans
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Entrepreneur Works With Winchester, Virginia Bank to Get an SBA LoanThinking about meeting with a Winchester, Virginia bank about an SBA loan? Here's one Virginia business loan, issued by a Winchester bank, that was approved by the SBA. Applying for an SBA loan with United Bank worked out well for our friends at one local firm in Winchester, Virginia. They received an SBA loan for $30,000. Sweet! SBA Loan Borrower COMPANY TYPE: CATERERS SBA Loan Lender UNITED BANK This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 722320 - Caterers Loan Approval Date 2/12/2003 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $15,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $30,000 loan. Remember, feel the fear, and do it anyway. 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: Obtaining Funding - How to Decide How Much to Raise SBA 7A Banks for Winchester, Virginia Loans
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