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May 17, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Sissonville, Business Loans > The Poca Valley Bank, Inc. Sissonville Business Loans > Services For The Elderly And Persons With Disabilities Loan | ||||
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Raising Money in St. Albans, West Virginia With SBA Loans
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Loans for Services for the Elderly and Persons with DisabilitiesLooking for loans for services for the elderly and persons with disabilities? An SBA loan may be just what you've been looking for. This $85,000 services for the elderly and persons with disabilities loan was issued by a West Virginia bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in St. Albans, West Virginia was able to borrow $85,000 from The Poca Valley Bank, Inc.. The SBA made the loan possible by guaranteeing $72,250 of this West Virginia small business loan. SBA Loan Borrower COMPANY TYPE: SERVICES FOR THE ELDERLY AND PERSONS WITH DISABILITIES SBA Loan Lender THE POCA VALLEY BANK, INC. This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624120 - Services for the Elderly and Persons with Disabilities Loan Approval Date 5/3/2006 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $72,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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: Best Banks for Small Business in Sissonville, West Virginia
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