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May 10, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Martinsburg, Business Loans > Bank Of Charles Town Martinsburg Business Loans > Child Day Care Services Loan | ||||
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Martinsburg SBA Lenders
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Martinsburg, West Virginia Bank Gives SBA Loan to Child Day Care Services CompanyWant to talk with a Martinsburg, West Virginia bank about a small business loan? Here's one West Virginia business loan, issued by a Martinsburg bank, that was approved by the SBA. Applying for an SBA loan with Bank Of Charles Town worked out well for our friends at one local company in Falling Waters, West Virginia. They received an SBA loan for $150,000. Way to go! SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender BANK OF CHARLES TOWN This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 4/25/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 business planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Where to Get an SBA Loan in Martinsburg, West Virginia
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