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May 15, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Mineralwells, Business Loans > Traders Bank Mineralwells Business Loans > Tour Operators Loan | ||||
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Get Commercial Loans in Parkersburg, West Virginia
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Traders Bank Gives Business Loan to Tour Operators CompanyWest VirginiaBank loans are available to West Virginia firms through the SBA. In this case, a West Virginia bank provides the loan. By giving the right information to Traders Bank, this Parkersburg, 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: TOUR OPERATORS SBA Loan Lender TRADERS BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4725 - Tour Operators NAICS Code 561520 - Tour Operators Loan Approval Date 10/16/2001 Loan Approval Gross Amount $180,000 Loan Approval from the SBA Of the total $180,000 loan amount, the SBA guaranteed $135,000. 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 13 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding. 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: Obtaining Funding - Friends and Family SBA 7A Lenders in Mineralwells, West Virginia West Virginia SBA Bank Lenders
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