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May 15, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > New Martinsville, Business Loans > Wesbanco Bank, Inc. New Martinsville Business Loans > Florists Loan | ||||
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Get a Small Business Loan from Wesbanco Bank, Inc.
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Business Loan from Wesbanco Bank, Inc. Given to Florists CompanyWesbanco Bank, Inc. and the SBA work together to get business loans for growing small businesses. Here's an example of how a West Virginia entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in Pine Grove, West Virginia was an essential business goal for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Wesbanco Bank, Inc., operating out of New Martinsville, West Virginia. Here are the details on this West Virginia small business loan. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender WESBANCO BANK, INC. This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5992 - Florists NAICS Code 453110 - Florists Loan Approval Date 5/8/2002 Loan Approval Gross Amount $54,000 Loan Approval from the SBA Of the total $54,000 loan amount, the SBA guaranteed $45,900. 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 3 employees. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 New Martinsville, West Virginia
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