Business Loan from Pendleton Community Bank, Inc. Given to Wood Products Company

An SBA loan from Pendleton Community Bank, Inc. typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Upper Tract, West Virginia business owner got a $200,000 loan.

Getting a small business loan in Upper Tract, West Virginia was an essential business goal for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Pendleton Community Bank, Inc., operating out of Franklin, West Virginia. Here are the details on this West Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: WOOD PRODUCTS
UPPER TRACT, WV 26866

SBA Loan Lender

PENDLETON COMMUNITY BANK, INC.
300 N MAIN ST
FRANKLIN, WV 26807

This lender issued this SBA bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2499 - Wood Products

NAICS Code

321999 - Wood Product Manufacturing

Loan Approval Date

1/24/2003

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 25 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Upper Tract WV, you ought to talk with a local Upper Tract SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Upper Tract businesses.

We can help you find the best banks for small businesses in Upper Tract 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.

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