Financing for Crude Petroleum and Natural Gas

Looking for commercial loans for crude petroleum and natural gas? Talk to a banker who works with the SBA. This $25,800 crude petroleum and natural gas loan was issued by a West Virginia bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Union Bank, Inc., out of Middlebourne, West Virginia. The loan was granted and they received $25,800 to help grow their Alma, West Virginia business.

SBA Loan Borrower

COMPANY TYPE: CRUDE PETROLEUM AND NATURAL GAS
ALMA, WV 26320

SBA Loan Lender

UNION BANK, INC.
103 DODD ST
MIDDLEBOURNE, WV 26149

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

211111 - Crude Petroleum and Natural Gas

Loan Approval Date

9/13/2006

Loan Approval Gross Amount

$25,800

Loan Approval from the SBA

Of the total $25,800 loan amount, the SBA guaranteed $21,930.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Union Bank, Inc. and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Obtaining Funding - Getting Venture Capital

SBA Approved Banks in Middlebourne, West Virginia

SBA Participating Banks in West Virginia