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| Entrepreneur Resources | Old Point National Bank - Phoebus Hampton Business Loans | ||||
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Business Loans for Newport News Entrepreneurs
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Small Business Loans for Family Planning CentersLooking for small business loans for family planning centers? Try the SBA. This $80,000 family planning centers loan was issued by a Virginia bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Newport News, Virginia was able to borrow $80,000 from Old Point National Bank - Phoebus. The SBA made the loan possible by guaranteeing $68,000 of this Virginia small business loan. SBA Loan Borrower PINNACLE HAND THERAPY LLC SBA Loan Lender OLD POINT NATIONAL BANK - PHOEBUS The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8093 - Specialty Outpatient Facilities, N.E.C. NAICS Code 621410 - Family Planning Centers Loan Approval Date 10/17/2002 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. More Information on This SBA Loan The borrower, Pinnacle Hand Therapy LLC, 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 3 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 3/2/2007. Getting an SBA Loan For Your Business 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like Pinnacle Hand Therapy LLC did when it applied for and received this $80,000 loan. Remember, where there is a will, there is a way! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: SBA Approved Banks in Hampton, Virginia 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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