Business Loans for Specialty Food Stores

Looking for business loans for specialty food stores? Talk to a banker who works with the SBA. This $83,700 specialty food stores loan was issued by a West Virginia bank.

Getting a small business loan in Lewisburg, West Virginia was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from First National Bank, operating out of Ronceverte, West Virginia. Here are the details on this West Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: FOOD STORES
LEWISBURG, WV 24901

SBA Loan Lender

FIRST NATIONAL BANK
1 CEDAR ST
RONCEVERTE, WV 24970

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial 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.

SIC Code

5499 - Food Stores

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

8/8/2002

Loan Approval Gross Amount

$83,700

Loan Approval from the SBA

Of the total $83,700 loan amount, the SBA guaranteed $71,145.

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 4 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Business Incubators

Small Bank Loans in Ronceverte, West Virginia

SBA West Virginia Lenders