Loan to Buy Home Helpers Franchise Issued By The First State Bank

Borrowing money to purchase a Home Helpers franchise? The First State Bank has a history of making these loans and they are guaranteed by the SBA.

Home Helpers franchise loans are available to Hurricane, West Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The First State Bank, based in Barboursville, West Virginia, issued an SBA franchise loan for a Home Helpers franchise in 2006. We've got all the details on this West Virginia small business loan.

SBA Loan Borrower

AREA CONNECT, INC.
HURRICANE, WV 25526

SBA Loan Lender

THE FIRST STATE BANK
660 CENTRAL AVE
BARBOURSVILLE, WV 25504

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

5/12/2006

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Home Helpers franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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West Virginia SBA Bank Lenders