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November 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > New Martinsville, Business Loans > Wesbanco Bank, Inc. New Martinsville Business Loans > Grocery Stores Loan | ||||
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Wesbanco Bank, Inc. Business Loans Beallsville, OH
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Business Loan from Wesbanco Bank, Inc. Given to Grocery Stores CompanyWesbanco Bank, Inc. and the SBA work together to get business loans for growing small businesses. Here's an example of how an Ohio entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in Beallsville, Ohio 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 Ohio small business loan. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender WESBANCO BANK, INC. This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores NAICS Code 445120 - Convenience Stores Loan Approval Date 7/18/2002 Loan Approval Gross Amount $115,000 Loan Approval from the SBA Of the total $115,000 loan amount, the SBA guaranteed $97,750. 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 5 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This SBA loan was for $115,000. How would you spend $115,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Banking Deregulation's Effects on Entrepreneurship SBA 7A Lenders in New Martinsville, West Virginia
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