Mineralwells, West Virginia Bank Gives SBA Loan to Hotels And Motels Company

Get SBA loans from a Mineralwells, West Virginia bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Traders Bank is a Mineralwells, West Virginia small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a West Virginia company.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
GRANTSVILLE, WV 26147

SBA Loan Lender

TRADERS BANK
RTE 4, BOX 630
MINERALWELLS, WV 26150

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

NAICS Code

721199 - Traveler Accommodation

Loan Approval Date

9/13/2002

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $12,750.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 10 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Grantsville WV, you ought to talk with a local Grantsville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Grantsville businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Traders Bank 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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