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May 4, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Winchester, Business Loans > United Bank Winchester Business Loans > Exton Enterprises, LLC Loan | ||||
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United Bank Franchise Loans
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West Virginia Entrepreneur Secures Financing to Buy Val Pak FranchiseNeed a loan to invest in a Val Pak franchise? United Bank has a history of making these loans and they are guaranteed by the SBA. Val Pak franchise loans are available to Martinsburg, West Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Bank, based in Winchester, Virginia, issued an SBA franchise loan for a Val Pak franchise in 2005. We've got all the details on this West Virginia small business loan. SBA Loan Borrower EXTON ENTERPRISES, LLC SBA Loan Lender UNITED BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7331 - Direct Mail Advertising Services NAICS Code 541860 - Direct Mail Advertising Loan Approval Date 7/20/2005 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Val Pak franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Valpak Direct Marketing Systems, Inc. The Friends and Family Network SBA 7A Banks in Winchester, Virginia Where to Get an SBA Loan Virginia
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