SBA Loan from Innovative Bank Helps Glory International Enterprise

Innovative Bank has a track record as a leading provider of SBA loans. Find out how this Virginia entrepreneur received an SBA loan from them.

Glory International Enterprise knew how to go about getting a business bank loan. Based in Newport News, Virginia, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Innovative Bank, based in Oakland, California.

SBA Loan Borrower

GLORY INTERNATIONAL ENTERPRISE
118 WOODHAVEN RD
NEWPORT NEWS, VA 23608

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 commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511199 - All Other Publishers

Loan Approval Date

6/20/2006

Loan Approval Gross Amount

$5,000

Loan Approval from the SBA

Of the total $5,000 loan amount, the SBA guaranteed $4,250.

More Information on This SBA Loan

The borrower, Glory International Enterprise, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Glory International Enterprise walked into Innovative Bank and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money!

About This SBA Loan Information:

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

Related Links:

Business Cash Advances

SBA Banks in Oakland, California

SBA Participating Banks in California

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