Entrepreneur Works With New Martinsville, West Virginia Bank to Get an SBA Loan

Get SBA loans from a New Martinsville, West Virginia bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Wesbanco Bank, Inc. is a New Martinsville, West Virginia small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a West Virginia company.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE SERVICES
NEW MARTINSVILLE, WV 26155

SBA Loan Lender

WESBANCO BANK, INC.
285 N STATE RTE 2, STEELTON F
NEW MARTINSVILLE, WV 26155

This lender issued this debt financing under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 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.

SIC Code

7549 - Automotive Services

Loan Approval Date

5/25/2000

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $52,000.

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 9 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a small business or need money for an existing business, an SBA loan can be a great way to raise money

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Small Business Loan

Where to Get an SBA Loan in New Martinsville, West Virginia

SBA Participating Banks in West Virginia