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May 10, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Nonupholstered Wood Household Furniture Manufacturing Loan | ||||
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Who Lends Money to Berkeley Springs Businesses
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Berkeley Springs, West Virginia Entrepreneur Gets a Bank LoanSBA loans in West Virginia are hard to find these days. We take a look at one West Virginia SBA loan, provided by a Virginia bank, that was approved by the SBA. Getting a small business loan in Berkeley Springs, West Virginia was a top priority for this particular business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Capital One. Here are the details on this West Virginia small business loan. SBA Loan Borrower COMPANY TYPE: NONUPHOLSTERED WOOD HOUSEHOLD FURNITURE MANUFACTURING SBA Loan Lender CAPITAL ONE This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 337122 - Nonupholstered Wood Household Furniture Manufacturing Loan Approval Date 4/7/2004 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $17,500. 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 4 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 4 existing jobs. Next Steps for Getting an SBA Loan If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Capital One 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: Obtaining Funding - How to Borrow Money Best Mclean, Virginia Banks for Small Business
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