Huntington, West Virginia Business Gets SBA-Guaranteed Funding from United Bank

An SBA loan from United Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Huntington, West Virginia business owner got a $135,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Huntington, West Virginia, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was United Bank, based in Huntington, West Virginia.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
HUNTINGTON, WV 25702

SBA Loan Lender

UNITED BANK
473 CAMDEN RD
HUNTINGTON, WV 25704

This lender issued this particular 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

Loan Approval Date

9/29/2000

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $101,250.

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 6 employees. The loan application did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We can help you find the best banks for small businesses in Huntington or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Advice on Getting a Small Business Loan

SBA 7A Banks in Huntington, West Virginia

West Virginia SBA 7A Lenders