SBA Loans for Portfolio Management

Looking for SBA loans for portfolio management? Talk to a banker who works with the SBA. This $222,600 portfolio management loan was issued by a West Virginia bank.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Fifth Third Bank, out of Huntington, West Virginia. The loan was granted and they received $222,600 to help grow their Huntington, West Virginia business.

SBA Loan Borrower

COMPANY TYPE: INVESTMENT ADVICE
HUNTINGTON, WV 25701

SBA Loan Lender

FIFTH THIRD BANK
999 4TH AVE
HUNTINGTON, WV 25701

This lender issued this debt financing under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6282 - Investment Advice

NAICS Code

523920 - Portfolio Management

Loan Approval Date

11/20/2002

Loan Approval Gross Amount

$222,600

Loan Approval from the SBA

Of the total $222,600 loan amount, the SBA guaranteed $166,950.

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 3 employees. The SBA loan documents did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

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

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Determining Proper Capital Structure for a Business

Small Bank Loans in Huntington, West Virginia

SBA Participating Banks in West Virginia