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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 > Technical And Trade Schools Loan | ||||
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Small Business Loans from The First State Bank
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Business Loan from The First State Bank Given to Technical And Trade Schools CompanyThe First State Bank has a track record as a leading provider of SBA loans. Find out how this West Virginia entrepreneur received an SBA loan from them. This small firm 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 2007. The lending bank was The First State Bank, based in Barboursville, West Virginia. SBA Loan Borrower COMPANY TYPE: TECHNICAL AND TRADE SCHOOLS SBA Loan Lender THE FIRST STATE BANK The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 611519 - Technical and Trade Schools Loan Approval Date 8/21/2007 Loan Approval Gross Amount $7,000 Loan Approval from the SBA Of the total $7,000 loan amount, the SBA guaranteed $3,500. 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 7 employees. This SBA loan request indicated that the loan would help retain 7 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The First State Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Best Barboursville, West Virginia Banks for Small Business
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