Food Service Contractors Bank Loans

Looking for bank loans for food service contractors? An SBA loan may be just what you've been looking for. This $606,000 food service contractors loan was issued by a West Virginia bank.

Getting a small business loan in Slatyfork, West Virginia was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Citizens National Bank - Elkins, operating out of Elkins, West Virginia. Here are the details on this West Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
SLATYFORK, WV 26291

SBA Loan Lender

CITIZENS NATIONAL BANK - ELKINS
211-213 THIRD ST
ELKINS, WV 26241

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722310 - Food Service Contractors

Loan Approval Date

4/30/2003

Loan Approval Gross Amount

$606,000

Loan Approval from the SBA

Of the total $606,000 loan amount, the SBA guaranteed $454,500.

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 60 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Citizens National Bank - Elkins so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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