SBA Loan from The Poca Valley Bank, Inc. Helps Gasoline Service Stations Company

The Poca Valley Bank, Inc. is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one West Virginia entrepreneur who tapped into the power of SBA loans.

Getting a small business loan in Spencer, West Virginia was an essential business goal for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from The Poca Valley Bank, Inc., operating out of Walton, West Virginia. Here are the details on this West Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
SPENCER, WV 25276

SBA Loan Lender

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

This loan for a small business 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

5541 - Gasoline Service Stations

NAICS Code

445120 - Convenience Stores

Loan Approval Date

5/30/2002

Loan Approval Gross Amount

$306,366

Loan Approval from the SBA

Of the total $306,366 loan amount, the SBA guaranteed $229,775.

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 9 employees. The loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $306,366. How would you spend $306,366 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

Best Walton, West Virginia Banks for Small Business

West Virginia SBA 7A Banks