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May 16, 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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West Virginia Bank SBA Loans
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Business Loan from Union Bank, Inc. Given to Insurance Agents And Brokers CompanyUnion Bank, Inc. has a track record as a leading provider of SBA loans. Find out how this West Virginia entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New Martinsville, West Virginia was able to borrow $392,500 from Union Bank, Inc.. The SBA made the loan possible by guaranteeing $294,375 of this West Virginia small business loan. 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. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A 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 6411 - Insurance Agents and Brokers NAICS Code 524210 - Insurance Agencies and Brokerages Loan Approval Date 5/15/2000 Loan Approval Gross Amount $392,500 Loan Approval from the SBA Of the total $392,500 loan amount, the SBA guaranteed $294,375. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in New Martinsville 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: SBA Approved Banks in Sistersville, West Virginia Where to Get an SBA Loan West Virginia
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