SBA Loan from Citizens National Bank - Elkins Helps Eating Places Company

Citizens National Bank - Elkins has a track record as a leading provider of SBA loans. Find out how this West Virginia entrepreneur received an SBA loan from them.

This business knew how to go about getting a business bank loan. Based in Belington, West Virginia, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Citizens National Bank - Elkins, based in Elkins, West Virginia.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
BELINGTON, WV 26250

SBA Loan Lender

CITIZENS NATIONAL BANK - ELKINS
211-213 THIRD ST
ELKINS, WV 26241

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system 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

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/18/2005

Loan Approval Gross Amount

$170,800

Loan Approval from the SBA

Of the total $170,800 loan amount, the SBA guaranteed $128,100.

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 12 employees. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

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SBA Banks in Elkins, West Virginia

SBA West Virginia Banks