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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 > Carwashes Loan | ||||
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West Virginia Bank SBA Loans
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Parkersburg, West Virginia Bank Gives SBA Loan to Carwashes CompanyThinking about meeting with a Parkersburg, West Virginia bank about an SBA loan? Here's one West Virginia business loan, issued by a Parkersburg bank, that was approved by the SBA. Applying for an SBA loan with First Neighborhood Bank, Inc. worked out well for our friends at one local business in Ripley, West Virginia. The business was able to get an SBA loan for $1,141,000. Way to go! SBA Loan Borrower COMPANY TYPE: CARWASHES SBA Loan Lender FIRST NEIGHBORHOOD BANK, INC. This SBA business 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 7542 - Carwashes NAICS Code 811192 - Car Washes Loan Approval Date 7/12/2004 Loan Approval Gross Amount $1,141,000 Loan Approval from the SBA Of the total $1,141,000 loan amount, the SBA guaranteed $855,750. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This SBA loan was for $1,141,000. How would you spend $1,141,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Lenders in Parkersburg, West Virginia Browse All Business Loan Sources for West Virginia
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