Winfield, West Virginia Bank Gives SBA Loan to Steel Pipe And Tubes Company

Want to talk with a Winfield, West Virginia bank about a small business loan? Here's one West Virginia business loan, issued by a Winfield bank, that was approved by the SBA.

Applying for an SBA loan with The Poca Valley Bank, Inc. worked out well for our friends at one local firm in Amma, West Virginia. They got an SBA loan for $400,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: STEEL PIPE AND TUBES
AMMA, WV 25005

SBA Loan Lender

THE POCA VALLEY BANK, INC.
3500 WINFIELD RD
WINFIELD, WV 25213

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3317 - Steel Pipe and Tubes

NAICS Code

331210 - Iron and Steel Pipe and Tube Manufacturing from Purchased Steel

Loan Approval Date

6/5/2002

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Poca Valley Bank, Inc. had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Poca Valley Bank, Inc. made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Borrowing Money from Friends and Family

SBA Approved Banks in Winfield, West Virginia

West Virginia SBA Bank Lenders