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| Entrepreneur Resources | Capital One Mclean Business Loans | ||||
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Mclean Bank Loan
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Mclean, Virginia Lender Lends Money to Chef's ToolboxGet to know Mclean, Virginia banks that specialize in business loans and know how to work with entrepreneurs. Capital One is one such bank, as evidenced by this SBA loan to Chef's Toolbox.
Finding a small business loan in Austin, Texas starts with an understanding of who else has gotten loans in the area. In this case, Chef's Toolbox received funding from Capital One Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower CHEF'S TOOLBOX SBA Loan Lender CAPITAL ONE This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442299 - All Other Home Furnishings Stores Loan Approval Date 12/22/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. More Information on This SBA Loan The borrower, Chef's Toolbox, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Chef's Toolbox, 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 SBA loan database. Related Links: Microlending as a Small Business Funding Source SBA Approved Banks in Mclean, Virginia SBA Participating Banks in Virginia If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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