Suntrust Bank Gives SBA Loan to Wilder Mechanical Corporation

Would a Virginia business loan help your company expand? If so, you may want to talk with this Georgia bank, which offers SBA loans to Virginia entrepreneurs.

Getting a small business loan in Newport News, Virginia was a top priority for Wilder Mechanical Corporation back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Suntrust Bank. Here are the details on this Virginia small business loan.

SBA Loan Borrower

WILDER MECHANICAL CORPORATION
627 36TH STREET SUITE 400
NEWPORT NEWS, VA 23607

SBA Loan Lender

SUNTRUST BANK
25 PARK PLACE NE
ATLANTA, GA 30303

This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

238220 - Plumbing, Heating, and Air-Conditioning Contractors

Loan Approval Date

12/9/2004

Loan Approval Gross Amount

$187,000

Loan Approval from the SBA

Of the total $187,000 loan amount, the SBA guaranteed $93,500.

More Information on This SBA Loan

The borrower, Wilder Mechanical Corporation, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 18 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 18 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a small business or need money to grow a business, an SBA loan can be a great funding source

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 Wilder Mechanical Corporation did when it applied for and received this $187,000 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:

Small Business Credit Cards

SBA Banks in Atlanta, Georgia

Getting an SBA Loan in Georgia

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