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January 22, 2025 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Franklin, Business Loans > Pendleton Community Bank, Inc. Franklin Business Loans > Wood Products Loan | ||||
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Upper Tract, West Virginia Bank Loan
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Loans for Wood Product ManufacturingLooking for loans for wood product manufacturing? An SBA loan may be just what you've been looking for. This $217,700 wood product manufacturing loan was issued by a West Virginia bank. This small firm knew how to go about getting a business bank loan. Based in Upper Tract, West Virginia, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Pendleton Community Bank, Inc., based in Franklin, West Virginia. SBA Loan Borrower COMPANY TYPE: WOOD PRODUCTS SBA Loan Lender PENDLETON COMMUNITY BANK, INC. The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to American small businesses. 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 10/23/2003 Loan Approval Gross Amount $217,700 Loan Approval from the SBA Of the total $217,700 loan amount, the SBA guaranteed $163,275. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan 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: SBA Participating Banks in Franklin, West Virginia
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