Hanover Hall Inc Gets a Virginia Bank Loan
Looking to get a Virginia SBA loan? This Virginia entrepreneur got an SBA loan, provided by a Virginia bank that works with the SBA to help small business owners.
Getting a small business loan in Newport News, Virginia was a top priority for Hanover Hall Inc back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Capital One. Here are the details on this Virginia small business loan.
SBA Loan Borrower
HANOVER HALL INC
130 ELAINE DRIVE
NEWPORT NEWS, VA 23602
SBA Loan Lender
CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
322233 - Stationery, Tablet, and Related Product Manufacturing
Loan Approval Date
12/30/2002
Loan Approval Gross Amount
$35,000
Loan Approval from the SBA
Of the total $35,000 loan amount, the SBA guaranteed $17,500.
More Information on This SBA Loan
The borrower, Hanover Hall Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. This loan was paid in full, and was closed out on 7/2/2007.
Great, But How Can I Get an SBA Loan for My Business?
Every year, the SBA guarantees over $10 billion for loans just like this one.
We've showcased information on this loan to Hanover Hall Inc to let you know that businesses like yours can get an SBA loan.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
SBIR Funding
SBA 7A Lenders in Mclean, Virginia
Getting an SBA Loan in Virginia
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