Entrepreneur Works With Oakland, California Bank to Get an SBA Loan
Want to talk with an Oakland, California bank about an SBA loan? Here's one West Virginia business loan, issued by an Oakland bank, that was approved by the SBA.
Applying for an SBA loan with Innovative Bank worked out well for our friends at one local firm in Dunbar, West Virginia. The business was able to get an SBA loan for $5,000. Great job!
SBA Loan Borrower
COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
DUNBAR, WV 25064
SBA Loan Lender
INNOVATIVE BANK
360 14TH ST
OAKLAND, CA 94612
This lender issued this small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561310 -
Loan Approval Date
6/28/2004
Loan Approval Gross Amount
$5,000
Loan Approval from the SBA
Of the total $5,000 loan amount, the SBA guaranteed $4,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.
Next Steps for Getting an SBA Loan
If you are working on finding money to start a business in Dunbar WV, you ought to talk with a local Dunbar SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dunbar businesses.
This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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.
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