United Bank SBA Loan to Electromedical And Electrotherapeutic Apparatus Company

Looking to get a West Virginia business loan? Here's one West Virginia business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in Parkersburg, West Virginia, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was United Bank, based in Parkersburg, West Virginia.

SBA Loan Borrower

COMPANY TYPE: ELECTROMEDICAL AND ELECTROTHERAPEUTIC APPARATUS
PARKERSBURG, WV 26104

SBA Loan Lender

UNITED BANK
514 MARKET ST
PARKERSBURG, WV 26101

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3845 - Electromedical and Electrotherapeutic Apparatus

Loan Approval Date

8/8/2000

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $48,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are raising money 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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Determining Proper Capital Structure for a Business

SBA 7A Banks for Parkersburg, West Virginia Loans

West Virginia SBA Bank Lenders