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May 19, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Parsons, Business Loans > Community So. Bank D.B.A Commun Parsons Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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Princeton, West Virginia Bank Loan
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Community So. Bank D.B.A Commun Gives Small Business Loan to Gasoline Stations With Convenience Stores CompanyWant a West Virginia business loan? This West Virginia entrepreneur got a business loan, provided by a Tennessee bank that works with the SBA to help small business owners. By giving the right information to Community So. Bank D.B.A Commun, this Princeton, West Virginia business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender COMMUNITY SO. BANK D.B.A COMMUN This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 8/30/2005 Loan Approval Gross Amount $694,000 Loan Approval from the SBA Of the total $694,000 loan amount, the SBA guaranteed $520,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs. Getting an SBA Loan For Your Business If you need money to start business in Princeton WV, you ought to talk with a local Princeton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Princeton businesses. 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:
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