Financing for Bowling Centers

With these commercial loans for bowling centers, the SBA guarantees the lender that the loan will be repaid. This bowling centers loan for $37,100 was given to a West Virginia entrepreneur in 2007.

This business knew how to go about getting a business bank loan. Based in Wellsburg, West Virginia, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was The Citizens Savings Bank, based in Martins Ferry, Ohio.

SBA Loan Borrower

COMPANY TYPE: BOWLING CENTERS
WELLSBURG, WV 26070

SBA Loan Lender

THE CITIZENS SAVINGS BANK
201 S 4TH AT HICKORY
MARTINS FERRY, OH 43935

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

713950 - Bowling Centers

Loan Approval Date

11/19/2007

Loan Approval Gross Amount

$37,100

Loan Approval from the SBA

Of the total $37,100 loan amount, the SBA guaranteed $18,550.

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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs.

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

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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $37,100 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Investor Turnoffs

SBA 7A Banks in Martins Ferry, Ohio

SBA Ohio Lenders