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December 21, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Walton, Business Loans > The Poca Valley Bank, Inc. Walton Business Loans > Gift, Novelty, And Souvenir Shops Loan | ||||
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Walton, West Virginia SBA Lenders
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Walton, West Virginia Bank Lends Money to Gift, Novelty, And Souvenir Shops Company in Cross Lanes, West VirginiaGet to know Walton, West Virginia banks that specialize in business loans and know how to work with entrepreneurs. The Poca Valley Bank, Inc. is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Cross Lanes, West Virginia starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from The Poca Valley Bank, Inc.. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR SHOPS SBA Loan Lender THE POCA VALLEY BANK, INC. This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5947 - Gift, Novelty, and Souvenir Shops NAICS Code 453220 - Gift, Novelty, and Souvenir Stores Loan Approval Date 2/5/2001 Loan Approval Gross Amount $41,000 Loan Approval from the SBA Of the total $41,000 loan amount, the SBA guaranteed $34,850. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan 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 firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: The Friends and Family Network SBA 7A Banks in Walton, West Virginia
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