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May 17, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Barboursville, Business Loans > The First State Bank Barboursville Business Loans > Health Practitioner Office Or Clinic Loan | ||||
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The First State Bank Small Business
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SBA Loan from The First State Bank Helps Health Practitioner Office Or Clinic CompanyThe First State Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one West Virginia entrepreneur who tapped into the power of SBA loans. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with The First State Bank, out of Barboursville, West Virginia. The loan was granted and they received $70,250 to help grow their Barboursville, West Virginia business. SBA Loan Borrower COMPANY TYPE: HEALTH PRACTITIONER OFFICE OR CLINIC SBA Loan Lender THE FIRST STATE 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 American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8049 - Health Practitioner Office or Clinic NAICS Code 621330 - Mental Health Practitioners Loan Approval Date 2/15/2001 Loan Approval Gross Amount $70,250 Loan Approval from the SBA Of the total $70,250 loan amount, the SBA guaranteed $52,688. 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 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $70,250. How would you spend $70,250 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Obtaining Funding - Friends and Family SBA Approved Banks in Barboursville, West Virginia
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