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May 18, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Huntington, Business Loans > Guaranty Bank & Trust Company Huntington Business Loans > Flower, Nursery Stock, And Florists' Supplies Wholesalers Loan | ||||
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Business Loans for Huntington Small Businesses
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SBA Loans for Flower, Nursery Stock, and Florists' Supplies WholesalersLooking for SBA loans for flower, nursery stock, and florists' supplies wholesalers? The SBA may be the answer. This $613,800 flower, nursery stock, and florists' supplies wholesalers loan was issued by a West Virginia bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Huntington, West Virginia was able to borrow $613,800 from Guaranty Bank & Trust Company. The SBA made the loan possible by guaranteeing $460,350 of this West Virginia small business loan. SBA Loan Borrower COMPANY TYPE: FLOWER, NURSERY STOCK, AND FLORISTS' SUPPLIES WHOLESALERS SBA Loan Lender GUARANTY BANK & TRUST COMPANY This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 422930 - Flower, Nursery Stock, and Florists' Supplies Wholesalers Loan Approval Date 1/6/2006 Loan Approval Gross Amount $613,800 Loan Approval from the SBA Of the total $613,800 loan amount, the SBA guaranteed $460,350. 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 only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Small Business Banks in Huntington, West Virginia
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