Ripley, West Virginia Bank Lends Money to Sawmills And Planing Mills, General Company in Ripley, West Virginia

A Ripley, West Virginia SBA loan can be yours. Learn how one firm got a $142,600 business loan from this West Virginia bank.

This loan to a local firm is a good example of an SBA loan. Traders Bank made the loan and the SBA guaranteed a portion of the loan. Many other West Virginia entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: SAWMILLS AND PLANING MILLS, GENERAL
RIPLEY, WV 25271

SBA Loan Lender

TRADERS BANK
606 S CHURCH ST
RIPLEY, WV 25271

This business 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

2421 - Sawmills and Planing Mills, General

NAICS Code

321113 - Sawmills

Loan Approval Date

12/17/2002

Loan Approval Gross Amount

$142,600

Loan Approval from the SBA

Of the total $142,600 loan amount, the SBA guaranteed $121,210.

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

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

If you need business start up money in Ripley WV, you ought to talk with a local Ripley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ripley businesses.

This SBA loan was for $142,600. How would you spend $142,600 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Getting a Small Business Loan

Small Business Banks in Ripley, West Virginia

West Virginia SBA Bank Lenders