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May 12, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Wheeling, Business Loans > Wesbanco Bank, Inc. Wheeling Business Loans > Motor Vehicle Supplies And New Parts Merchant Wholesalers Loan | ||||
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Raising Money in Bridgeport, Ohio With SBA Loans
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Firm Gets an Ohio SBA LoanSmall business loans in Ohio are are few and far betweeen these days. We take a look at one Ohio small business loan, provided by a West Virginia bank, that was approved by the SBA. Getting a small business loan in Bridgeport, Ohio was a top priority for this small company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Wesbanco Bank, Inc.. Here are the details on this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS MERCHANT WHOLESALERS SBA Loan Lender WESBANCO BANK, INC. The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423120 - Motor Vehicle Supplies and New Parts Merchant Wholesalers Loan Approval Date 12/22/2003 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. 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 50 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Wesbanco Bank, Inc. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Raising VC Money for Social Networking Companies Find an SBA Lender in Wheeling, West Virginia
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