Get an SBA Loan for Hay Farming

Looking for small business loans for hay farming? An SBA loan may be just what you've been looking for. This $79,000 hay farming loan was issued by a West Virginia bank.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with First Commun Bank, out of Buckhannon, West Virginia. The loan was granted and they received $79,000 to help grow their Rock Cave, West Virginia business.

SBA Loan Borrower

COMPANY TYPE: FIELD CROPS
ROCK CAVE, WV 26234

SBA Loan Lender

FIRST COMMUN BANK
2 W MAIN ST
BUCKHANNON, WV 26201

This SBA small 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

0139 - Field Crops

NAICS Code

111940 - Hay Farming

Loan Approval Date

2/21/2001

Loan Approval Gross Amount

$79,000

Loan Approval from the SBA

Of the total $79,000 loan amount, the SBA guaranteed $67,150.

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 only one employee. The SBA loan application for the borrower did not indicate that the business promised 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

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Banks in Buckhannon, West Virginia

West Virginia SBA 7A Lenders