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December 22, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Webster Springs, Business Loans > United Bank Webster Springs Business Loans > Grocery Stores Loan | ||||
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Getting a Business Loan in Webster Springs, West Virginia
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Webster Springs, West Virginia Entrepreneur Gets a Bank LoanBusiness loans in West Virginia are are few and far betweeen these days. We take a look at one West Virginia business loan, provided by a West Virginia bank, that was approved by the SBA. You can learn something about getting a small business loan in Webster Springs, West Virginia by studying this loan to a local business, made back in 2004. Banks like United Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender UNITED BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 12/16/2004 Loan Approval Gross Amount $360,000 Loan Approval from the SBA Of the total $360,000 loan amount, the SBA guaranteed $270,000. 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 10 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are working on finding money to start a business in Webster Springs WV, you ought to talk with a local Webster Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Webster Springs businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $360,000 loan. Remember, feel the fear, and do it anyway. 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 7A Lenders in Webster Springs, West Virginia
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