 |
 |
May 17, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Elkins, Business Loans > Mountain Valley Bank Elkins Business Loans > Bottled And Canned Soft Drinks Loan | ||||
 |
||||
Who Lends Money to St. George Small Business Owners
|
||||
 |
West Virginia SBA Loan Issued to Bottled And Canned Soft Drinks CompanyWould a West Virginia bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this West Virginia bank, which offers SBA loans to West Virginia entrepreneurs. By giving the right information to Mountain Valley Bank, this St. George, West Virginia business was able to get an SBA loan. To get this loan, the entrepreneur 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: BOTTLED AND CANNED SOFT DRINKS SBA Loan Lender MOUNTAIN VALLEY BANK This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2086 - Bottled and Canned Soft Drinks NAICS Code 312112 - Bottled Water Manufacturing Loan Approval Date 3/8/2001 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $55,250. 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 3 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Mountain Valley Bank 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. Related Links: Best Banks in Elkins, West Virginia
|
|
||
|
||||
|
|
||||