First Commun Bank Provides SBA Loan to Buy Steak Escape Franchise

Need a loan to invest in a Steak Escape franchise? First Commun Bank has a history of making these loans and they are guaranteed by the SBA.

Steak Escape franchise loans are available to Beckley, West Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Commun Bank, based in Bluefield, West Virginia, issued an SBA franchise loan for a Steak Escape franchise in 2000. We've got all the details on this West Virginia small business loan.

SBA Loan Borrower

STEAK ESCAPE
BECKLEY, WV 25801

SBA Loan Lender

FIRST COMMUN BANK
211 FEDERAL ST
BLUEFIELD, WV 24701

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

8/23/2000

Loan Approval Gross Amount

$260,000

Loan Approval from the SBA

Of the total $260,000 loan amount, the SBA guaranteed $195,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Steak Escape franchise. At the time of the loan, the company had 15 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $260,000. How would you spend $260,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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