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| Entrepreneur Resources | Bank Of America Charlotte Business Loans | ||||
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Virginia SBA Loans from Bank Of America
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SBA Loan from Bank Of America Helps Ameriwide Remodeling & Repair LLCBank Of America is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Virginia entrepreneur who tapped into the power of SBA loans.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Newport News, Virginia was able to borrow $8,500 from Bank Of America. The SBA made the loan possible by guaranteeing $4,250 of this Virginia small business loan. SBA Loan Borrower Ameriwide Remodeling & Repair LLC SBA Loan Lender BANK OF AMERICA The lender provided this small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 484110 - General Freight Trucking, Local Loan Approval Date 5/4/2007 Loan Approval Gross Amount $8,500 Loan Approval from the SBA Of the total $8,500 loan amount, the SBA guaranteed $4,250. More Information on This SBA Loan The borrower, Ameriwide Remodeling & Repair LLC, borrowed this money for a new 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. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. This SBA loan was for $8,500. How would you spend $8,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Ameriwide Remodeling & Repair LLC, 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: Determining Proper Capital Structure for a Business SBA 7A Banks in Charlotte, North Carolina 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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