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December 22, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Montgomery, Business Loans > City National Bank - W. Virginia Montgomery Business Loans > Eating Places Loan | ||||
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Raising Money in Fayetteville, West Virginia With SBA Loans
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Small Business Loans for Full-Service RestaurantsWith these small business loans for full-service restaurants, the SBA guarantees the lender that the loan will be repaid. This full-service restaurants loan for $56,000 was given to a West Virginia entrepreneur in 2000. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with City National Bank - W. Virginia, out of Montgomery, West Virginia. The loan was granted and they received $56,000 to help grow their Fayetteville, West Virginia business. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender CITY NATIONAL BANK - W. VIRGINIA This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. 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 4/25/2000 Loan Approval Gross Amount $56,000 Loan Approval from the SBA Of the total $56,000 loan amount, the SBA guaranteed $44,800. 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 did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. City National Bank - W. Virginia had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, City National Bank - W. Virginia made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 SBA Approved Banks in Montgomery, West Virginia Browse All Business Loan Sources for West Virginia
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