Virginia Small Business Loan Issued to Always Transportation LLC
Want a Virginia bank loan? This Virginia entrepreneur got a bank loan, provided by a California bank that works with the SBA to help small business owners.
You can learn something about getting a small business loan in Newport News, Virginia by studying this loan to Always Transportation LLC, made back in 2007. Banks like Innovative Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
Always Transportation Llc
1215 75Th Street
NEWPORT NEWS, VA 23605
SBA Loan Lender
INNOVATIVE BANK
360 14TH ST
OAKLAND, CA 94612
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
488999 - All Other Support Activities for Transportation
Loan Approval Date
10/4/2007
Loan Approval Gross Amount
$10,000
Loan Approval from the SBA
Of the total $10,000 loan amount, the SBA guaranteed $8,500.
More Information on This SBA Loan
The borrower, Always Transportation LLC, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
Remember, 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.
We can help you find the best banks for small businesses in Newport News or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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 7A Banks in Oakland, California
Find an SBA Lender in California
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