Keyser, West Virginia Entrepreneur Gets a Small Business Loan

Looking to get a West Virginia small business loan? This West Virginia entrepreneur got a small business loan, provided by a West Virginia bank that works with the SBA to help small business owners.

This company, based in Keyser, West Virginia, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from First United Bank & Trust. We've got the inside scoop on this West Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: TRUCKING
KEYSER, WV 26726

SBA Loan Lender

FIRST UNITED BANK & TRUST
SOUTH BRANCH SQUARE RTE 220
MOOREFIELD, WV 22836

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4213 - Trucking

NAICS Code

484121 - General Long-Distance Freight Trucking

Loan Approval Date

11/7/2001

Loan Approval Gross Amount

$466,317

Loan Approval from the SBA

Of the total $466,317 loan amount, the SBA guaranteed $349,738.

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 18 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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.

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