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May 18, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Berkeley Springs, Business Loans > Cnb Bank, Inc. Berkeley Springs Business Loans > Dairy Products Loan | ||||
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West Virginia Small Business Funding
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Small Business Loans for Dairy Product WholesalersWith these small business loans for dairy product wholesalers, the SBA guarantees the lender that the loan will be repaid. This dairy product wholesalers loan for $330,000 was given to a West Virginia entrepreneur in 2000. This small firm knew how to go about getting a business bank loan. Based in Hedgesville, West Virginia, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Cnb Bank, Inc., based in Berkeley Springs, West Virginia. SBA Loan Borrower COMPANY TYPE: DAIRY PRODUCTS SBA Loan Lender CNB BANK, INC. This lender issued this SBA small business loan under the 7A SBA 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. SIC Code 5143 - Dairy Products NAICS Code 422430 - Dairy Product Wholesalers Loan Approval Date 3/29/2000 Loan Approval Gross Amount $330,000 Loan Approval from the SBA Of the total $330,000 loan amount, the SBA guaranteed $247,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA 7A Lenders in Berkeley Springs, West Virginia
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