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May 17, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Hurricane, Business Loans > Branch Bank & Trust Hurricane Business Loans > Conveyors And Conveying Equipment Loan | ||||
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Getting a Business Loan in Milton, West Virginia
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Growing Company Gets a West Virginia Bank LoanWould 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 Branch Bank & Trust, this Milton, 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: CONVEYORS AND CONVEYING EQUIPMENT SBA Loan Lender BRANCH BANK & TRUST The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide 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 3535 - Conveyors and Conveying Equipment NAICS Code 333922 - Conveyor and Conveying Equipment Manufacturing Loan Approval Date 11/27/2000 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Milton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Raising VC Money for Social Networking Companies Find an SBA Lender in Hurricane, West Virginia
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