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May 17, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Sistersville, Business Loans > Union Bank, Inc. Sistersville Business Loans > Insurance Agents And Brokers Loan | ||||
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Sistersville, West Virginia SBA 7A Banks
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Sistersville, West Virginia Bank Gives SBA Loan to Insurance Agents And Brokers CompanyThinking about meeting with a Sistersville, West Virginia bank about a business loan? Here's one West Virginia business loan, issued by a Sistersville bank, that was approved by the SBA. Applying for an SBA loan with Union Bank, Inc. worked out well for our friends at one local company in New Martinsville, West Virginia. The business was able to get an SBA loan for $770,000. Sweet! SBA Loan Borrower COMPANY TYPE: INSURANCE AGENTS AND BROKERS SBA Loan Lender UNION BANK, INC. The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 6411 - Insurance Agents and Brokers NAICS Code 524210 - Insurance Agencies and Brokerages Loan Approval Date 11/28/2005 Loan Approval Gross Amount $770,000 Loan Approval from the SBA Of the total $770,000 loan amount, the SBA guaranteed $577,500. 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 9 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are working on finding money to start a business in New Martinsville WV, you ought to talk with a local New Martinsville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New Martinsville businesses. 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 $770,000 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: SBA 7A Banks for Sistersville, West Virginia Loans
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