West Virginia Business Loan Issued to Fabricated Metal Products Company

Would a West Virginia SBA loan help your business get to the next level? If so, you may want to talk with this West Virginia bank, which offers SBA loans to West Virginia entrepreneurs.

Getting a small business loan in Lewisburg, West Virginia was a top priority for this particular business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First Central Bank, Inc.. Here are the details on this West Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: FABRICATED METAL PRODUCTS
LEWISBURG, WV 24901

SBA Loan Lender

FIRST CENTRAL BANK, INC.
14 N LOCUST ST
BUCKHANNON, WV 26201

This commercial 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.

SIC Code

3499 - Fabricated Metal Products

NAICS Code

332117 - Powder Metallurgy Part Manufacturing

Loan Approval Date

11/22/2004

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 20 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Lewisburg or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Advice on Getting a Small Business Loan

Small Bank Loans in Buckhannon, West Virginia

SBA West Virginia Lenders