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May 16, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Walton, Business Loans > The Poca Valley Bank, Inc. Walton Business Loans > Tire Dealers Loan | ||||
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West Virginia SBA Banks
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Entrepreneur Works With Walton, West Virginia Bank to Get an SBA LoanFind Walton, West Virginia banks that specialize in SBA loans and know how to work with entrepreneurs. The Poca Valley Bank, Inc. is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Clendenin, West Virginia starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from The Poca Valley Bank, Inc.. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: TIRE DEALERS SBA Loan Lender THE POCA VALLEY BANK, INC. This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 441320 - Tire Dealers Loan Approval Date 8/24/2007 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $15,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help create 2 new jobs. Getting an SBA Loan For Your Business 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. 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 $30,000 loan. Remember, where there is a will, there is a way! 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: Best Walton, West Virginia Banks for Small Business
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