SBA Loan from Main Street Bank Corp. Helps Paperboard Mills Company

Main Street Bank Corp. has a track record as a leading provider of SBA loans. Find out how this West Virginia entrepreneur received an SBA loan from them.

This small firm knew how to go about getting a business bank loan. Based in Wellsburg, West Virginia, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Main Street Bank Corp., based in Wheeling, West Virginia.

SBA Loan Borrower

COMPANY TYPE: PAPERBOARD MILLS
WELLSBURG, WV 26070

SBA Loan Lender

MAIN STREET BANK CORP.
2001 MAIN ST, STE 100
WHEELING, WV 26003

This small business loan 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

2631 - Paperboard Mills

NAICS Code

322130 - Paperboard Mills

Loan Approval Date

9/28/2005

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 38 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.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Main Street Bank Corp. and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Family and Friend Investors - Your First Financiers

Best Banks in Wheeling, West Virginia

SBA Lenders in West Virginia