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December 22, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Charleston, Business Loans > City National Bank - W. Virginia Charleston Business Loans > Intermediate Care Facilities Loan | ||||
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West Virginia Bank SBA Loans
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City National Bank - W. Virginia SBA Loan to Intermediate Care Facilities CompanyLooking to get a West Virginia small business loan? Here's one West Virginia business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Hurricane, West Virginia, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was City National Bank - W. Virginia, based in Charleston, West Virginia. SBA Loan Borrower COMPANY TYPE: INTERMEDIATE CARE FACILITIES SBA Loan Lender CITY NATIONAL BANK - W. VIRGINIA This lender issued this small business loan under the SBA's 7A loan, 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 8052 - Intermediate Care Facilities Loan Approval Date 2/11/2000 Loan Approval Gross Amount $480,000 Loan Approval from the SBA Of the total $480,000 loan amount, the SBA guaranteed $360,000. 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 17 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 7A Banks for Charleston, West Virginia Loans
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