Bank Loans for Security Guards and Patrol Services

With these bank loans for security guards and patrol services, the SBA guarantees the lender that the loan will be repaid. This security guards and patrol services loan for $25,000 was given to a West Virginia entrepreneur in 2002.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with United Bank, out of Morgantown, West Virginia. The loan was granted and they received $25,000 to help grow their Dellslow, West Virginia business.

SBA Loan Borrower

COMPANY TYPE: DETECTIVE, GUARD, AND ARMORED CAR SERVICES
DELLSLOW, WV 26531

SBA Loan Lender

UNITED BANK
1085 VANVOORHIS RD
MORGANTOWN, WV 26505

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7381 - Detective, Guard, and Armored Car Services

NAICS Code

561612 - Security Guards and Patrol Services

Loan Approval Date

10/22/2002

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

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. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into United Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Direct Public Offerings

Small Business Banks in Morgantown, West Virginia

SBA Lenders in West Virginia