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November 15, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Barboursville, Business Loans > The First State Bank Barboursville Business Loans > Residential Mental Retardation Facilities Loan | ||||
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Banks for Huntington, West Virginia Small Business Owners
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Huntington, West Virginia Entrepreneur Gets a Business LoanBank loans in West Virginia are tough to come by these days. We take a look at one West Virginia bank loan, provided by a West Virginia bank, that was approved by the SBA. You can learn something about getting a small business loan in Huntington, West Virginia by studying this loan to a local company, made back in 2006. Banks like The First State Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: RESIDENTIAL MENTAL RETARDATION FACILITIES SBA Loan Lender THE FIRST STATE BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 623210 - Residential Mental Retardation Facilities Loan Approval Date 2/23/2006 Loan Approval Gross Amount $61,500 Loan Approval from the SBA Of the total $61,500 loan amount, the SBA guaranteed $52,275. 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 5 employees. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA Approved Banks in Barboursville, West Virginia
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