Entrepreneur Works With Martinsburg, West Virginia Bank to Get an SBA Loan

Get business loans from a Martinsburg, West Virginia bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

First United Bank & Trust is a Martinsburg, West Virginia small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a West Virginia company.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
MARTINSBURG, WV 25401

SBA Loan Lender

FIRST UNITED BANK & TRUST
1286 EDWIN MILLER BLVD
MARTINSBURG, WV 25401

This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 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

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

2/18/2005

Loan Approval Gross Amount

$202,200

Loan Approval from the SBA

Of the total $202,200 loan amount, the SBA guaranteed $151,650.

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 9 employees. The loan application did not indicate that the business promised to use the money to hire new 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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First United Bank & Trust are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Obtaining Funding - Getting Venture Capital

SBA 7A Lenders in Martinsburg, West Virginia

West Virginia SBA 7A Lenders