Electrical Apparatus, Equipment, Wiring Supplies and Construction Materials Bank Loans

With these bank loans for electrical apparatus, equipment, wiring supplies and construction materials, the SBA guarantees the lender that the loan will be repaid. This electrical apparatus, equipment, wiring supplies and construction materials loan for $133,333 was given to a West Virginia entrepreneur in 2002.

This company knew how to go about getting a business bank loan. Based in Parkersburg, West Virginia, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Community Bank Of Parkersburg, based in Parkersburg, West Virginia.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL WIRING SUPPLIES
PARKERSBURG, WV 26101

SBA Loan Lender

COMMUNITY BANK OF PARKERSBURG
631 JULIANA ST
PARKERSBURG, WV 26101

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5063 - Electrical Wiring Supplies

NAICS Code

421610 - Electrical Apparatus, Equipment, Wiring Supplies and Construction Materials

Loan Approval Date

11/21/2002

Loan Approval Gross Amount

$133,333

Loan Approval from the SBA

Of the total $133,333 loan amount, the SBA guaranteed $99,999.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Parkersburg WV, you ought to talk with a local Parkersburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Parkersburg businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community Bank Of Parkersburg had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community Bank Of Parkersburg made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Role of Business Plan When Raising Money

Small Bank Loans in Parkersburg, West Virginia

West Virginia SBA Bank Lenders