Newport News, Virginia Bank Lends Money to Wabash Auto Service in Baltimore, Maryland

Get SBA loans from a Newport News, Virginia bank that knows how to treat small business owners right! If Wabash Auto Service can get a loan, there's no reason you can't do it too.

The Business Loan Center is a Newport News, Virginia small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to Wabash Auto Service a Maryland company.

SBA Loan Borrower

WABASH AUTO SERVICE
3315 W. COLDSPRING LANE
BALTIMORE, MD 21215

SBA Loan Lender

THE BUSINESS LOAN CENTER
11832 CANON BLVD, STE D
NEWPORT NEWS, VA 23606

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

2/15/2006

Loan Approval Gross Amount

$335,000

Loan Approval from the SBA

Of the total $335,000 loan amount, the SBA guaranteed $251,250.

More Information on This SBA Loan

The borrower, Wabash Auto Service, 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 3 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Your solution for where to find money to start a business may be an SBA guaranteed loan. Wabash Auto Service recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

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