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December 21, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Clarksburg, Business Loans > Branch Bank & Trust Clarksburg Business Loans > Sheet Metal Work Loan | ||||
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Clarksburg Bank Loan
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Clarksburg, West Virginia Bank Lends Money to Sheet Metal Work Company in Shinnston, West VirginiaThinking about meeting with a Clarksburg, West Virginia bank about a small business loan? Here's one West Virginia business loan, issued by a Clarksburg bank, that was approved by the SBA. Applying for an SBA loan with Branch Bank & Trust worked out well for our friends at one local firm in Shinnston, West Virginia. The business was able to get an SBA loan for $100,000. Way to go! SBA Loan Borrower COMPANY TYPE: SHEET METAL WORK SBA Loan Lender BRANCH BANK & TRUST This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3444 - Sheet Metal Work Loan Approval Date 4/25/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $80,000. 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 37 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Branch Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Branch Bank & Trust 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: Who Lends Money to Small Businesses in Clarksburg, West Virginia
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