 |
 |
May 14, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Cambridge, Business Loans > Advantage Bank Cambridge Business Loans > Residential Remodelers Loan | ||||
 |
||||
Advantage Bank Walker, West Virginia
|
||||
 |
Business Loan from Advantage Bank Given to Residential Remodelers CompanyAn SBA loan from Advantage Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Walker, West Virginia business owner got a $15,000 loan. This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Advantage Bank, out of Cambridge, Ohio. The loan was granted and they received $15,000 to help grow their Walker, West Virginia business. SBA Loan Borrower COMPANY TYPE: RESIDENTIAL REMODELERS SBA Loan Lender ADVANTAGE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 236118 - Residential Remodelers Loan Approval Date 11/2/2007 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $7,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Advantage Bank and they will explain how you can get an SBA loan for your company. 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:
|
|
||
|
||||
|
|
||||