Raising Money for Support Activities for Coal Mining

With these business loans for support activities for coal mining, the SBA guarantees the lender that the loan will be repaid. This support activities for coal mining loan for $250,000 was given to a West Virginia entrepreneur in 2002.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with The Huntington National Bank, out of Columbus, Ohio. The loan was granted and they received $250,000 to help grow their Craigsville, West Virginia business.

SBA Loan Borrower

COMPANY TYPE: SUPPORT ACTIVITIES FOR COAL MINING
CRAIGSVILLE, WV 26205

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL
COLUMBUS, OH 43219

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

213113 - Support Activities for Coal Mining

Loan Approval Date

11/5/2002

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the borrowed money would help generate 13 new jobs.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Craigsville WV, you ought to talk with a local Craigsville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Craigsville businesses.

We can help you find the best banks for small businesses in Craigsville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Business Credit Evaluation

Small Business Banks in Columbus, Ohio

SBA Participating Banks in Ohio