West Virginia Bank Loan Issued to Drug Stores And Proprietary Stores Company

Small business loans in West Virginia are are few and far betweeen these days. We take a look at one West Virginia small business loan, provided by a West Virginia bank, that was approved by the SBA.

Getting a small business loan in Poca, West Virginia was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from The Poca Valley Bank, Inc.. Here are the details on this West Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: DRUG STORES AND PROPRIETARY STORES
POCA, WV 25159

SBA Loan Lender

THE POCA VALLEY BANK, INC.
7033 CHARLESTON RD
WALTON, WV 25286

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 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

5912 - Drug Stores and Proprietary Stores

NAICS Code

446110 - Pharmacies and Drug Stores

Loan Approval Date

8/2/2000

Loan Approval Gross Amount

$131,125

Loan Approval from the SBA

Of the total $131,125 loan amount, the SBA guaranteed $98,344.

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 5 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in Poca or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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SBA 7A Banks in Walton, West Virginia

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