Business Loan from The Poca Valley Bank, Inc. Given to Refuse Systems Company

An SBA loan from The Poca Valley Bank, Inc. typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Gauley Bridge, West Virginia business owner got a $50,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with The Poca Valley Bank, Inc., out of Walton, West Virginia. The loan was granted and they received $50,000 to help grow their Gauley Bridge, West Virginia business.

SBA Loan Borrower

COMPANY TYPE: REFUSE SYSTEMS
GAULEY BRIDGE, WV 25085

SBA Loan Lender

THE POCA VALLEY BANK, INC.
7033 CHARLESTON RD
WALTON, WV 25286

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4953 - Refuse Systems

Loan Approval Date

9/15/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $37,500.

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 22 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from The Poca Valley Bank, Inc. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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