Lessors of Real Estate Property Loans

Looking for loans for lessors of real estate property? Try the SBA. This $145,000 lessors of real estate property loan was issued by a West Virginia bank.

This small firm knew how to go about getting a business bank loan. Based in Barboursville, West Virginia, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was The First State Bank, based in Barboursville, West Virginia.

SBA Loan Borrower

COMPANY TYPE: OPERATORS OF NONRESIDENTAL BUILDINGS
BARBOURSVILLE, WV 25504

SBA Loan Lender

THE FIRST STATE BANK
660 CENTRAL AVE
BARBOURSVILLE, WV 25504

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6512 - Operators of Nonresidental Buildings

NAICS Code

531190 - Lessors of Real Estate Property

Loan Approval Date

2/15/2001

Loan Approval Gross Amount

$145,000

Loan Approval from the SBA

Of the total $145,000 loan amount, the SBA guaranteed $108,750.

More Information on This SBA Loan

The borrower 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 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The First State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Accountant's Role in Securing Financing

Where to Get an SBA Loan in Barboursville, West Virginia

SBA Lenders in West Virginia