Mclean, Virginia Lender Lends Money to Dynamic Auto Design Inc
Want to talk with a Mclean, Virginia bank about a small business loan? Here's one Florida business loan, issued by a Mclean bank, that was approved by the SBA.
Applying for an SBA loan with Capital One worked out well for our friends at Dynamic Auto Design Inc in Miami, Florida. The business was able to get an SBA loan for $50,000. Awesome!
SBA Loan Borrower
DYNAMIC AUTO DESIGN INC
13100 SW 85TH AVE RD
MIAMI, FL 33156
SBA Loan Lender
CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102
This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
336399 - All Other Motor Vehicle Parts Manufacturing
Loan Approval Date
10/29/2003
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
More Information on This SBA Loan
The borrower, Dynamic Auto Design Inc, 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. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. This loan was paid in full, and was closed out on 10/4/2007.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Capital One that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Startup Funding Tip
SBA 7A Banks for Mclean, Virginia Loans
Getting an SBA Loan in Virginia
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