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November 15, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Barboursville, Business Loans > The First State Bank Barboursville Business Loans > Financial Investment Activities Loan | ||||
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West Virginia SBA Banks
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Barboursville, West Virginia Lender Lends Money to Financial Investment Activities CompanyWant to talk with a Barboursville, West Virginia bank about a small business loan? Here's one West Virginia business loan, issued by a Barboursville bank, that was approved by the SBA. Applying for an SBA loan with The First State Bank worked out well for our friends at one local company in Charleston, West Virginia. They got an SBA loan for $25,000. Awesome! SBA Loan Borrower COMPANY TYPE: FINANCIAL INVESTMENT ACTIVITIES SBA Loan Lender THE FIRST STATE BANK The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 523999 - Financial Investment Activities Loan Approval Date 7/31/2007 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 The First State Bank 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: Raising VC Money for Social Networking Companies Best Banks in Barboursville, West Virginia
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