General Freight Trucking, Local Business Loans

Looking for business loans for general freight trucking, local? The SBA may be the answer. This $452,500 general freight trucking, local loan was issued by a West Virginia bank.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First United Bank & Trust, out of Moorefield, West Virginia. The loan was granted and they received $452,500 to help grow their Moorefield, West Virginia business.

SBA Loan Borrower

COMPANY TYPE: LOCAL TRUCKING WITHOUT STORAGE
MOOREFIELD, WV 26836

SBA Loan Lender

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

This 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

4212 - Local Trucking Without Storage

NAICS Code

484110 - General Freight Trucking, Local

Loan Approval Date

11/22/2002

Loan Approval Gross Amount

$452,500

Loan Approval from the SBA

Of the total $452,500 loan amount, the SBA guaranteed $339,375.

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 8 employees. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First United Bank & Trust and they will explain how you can get an SBA loan for your company.

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 - Friends and Family

SBA Banks in Moorefield, West Virginia

SBA West Virginia Banks