West Virginia Entrepreneur Secures Financing to Buy Val Pak Franchise

Need a loan to invest in a Val Pak franchise? United Bank has a history of making these loans and they are guaranteed by the SBA.

Val Pak franchise loans are available to Martinsburg, West Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Bank, based in Winchester, Virginia, issued an SBA franchise loan for a Val Pak franchise in 2005. We've got all the details on this West Virginia small business loan.

SBA Loan Borrower

EXTON ENTERPRISES, LLC
MARTINSBURG, WV 25401

SBA Loan Lender

UNITED BANK
4095 VALLEY PIKE
WINCHESTER, VA 22602

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.

SIC Code

7331 - Direct Mail Advertising Services

NAICS Code

541860 - Direct Mail Advertising

Loan Approval Date

7/20/2005

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Val Pak franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Valpak Direct Marketing Systems, Inc.

The Friends and Family Network

SBA 7A Banks in Winchester, Virginia

Where to Get an SBA Loan Virginia