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May 15, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Parkersburg, Business Loans > First Neighborhood Bank, Inc. Parkersburg Business Loans > Photographic Studios, Portrait Loan | ||||
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SBA Lender Parkersburg West Virginia
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Loans for Photography Studios, PortraitLooking for loans for photography studios, portrait? An SBA loan may be just what you've been looking for. This $150,000 photography studios, portrait loan was issued by a West Virginia bank. This company knew how to go about getting a business bank loan. Based in Parkersburg, West Virginia, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First Neighborhood Bank, Inc., based in Parkersburg, West Virginia. SBA Loan Borrower COMPANY TYPE: PHOTOGRAPHIC STUDIOS, PORTRAIT SBA Loan Lender FIRST NEIGHBORHOOD BANK, INC. This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7221 - Photographic Studios, Portrait NAICS Code 541921 - Photography Studios, Portrait Loan Approval Date 7/16/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 only one employee. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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 $150,000 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: Best Banks in Parkersburg, West Virginia
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