Winston Salem, North Carolina Bank Gives SBA Loan to Full-Service Restaurants Company
Thinking about meeting with a Winston Salem, North Carolina bank about an SBA loan? Here's one West Virginia business loan, issued by a Winston Salem 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 business in Tornado, West Virginia. They received an SBA loan for $225,000. Nice!
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
TORNADO, WV 25202
SBA Loan Lender
BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101
This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
5/9/2007
Loan Approval Gross Amount
$225,000
Loan Approval from the SBA
Of the total $225,000 loan amount, the SBA guaranteed $112,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs.
Getting an SBA Loan For Your Business
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
We can help you find the best banks for small businesses in Tornado 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.
Related Links:
Business Line of Credit
Best Winston Salem, North Carolina Banks for Small Business
SBA Participating Banks in North Carolina