Borrowing Money for Motor Vehicle Dealers

Looking for small business loans for motor vehicle dealers? Talk to a banker who works with the SBA. This $300,000 motor vehicle dealers loan was issued by a West Virginia bank.

Getting a small business loan in Brilliant, Ohio was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Progressive Bank, operating out of Wheeling, West Virginia. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE DEALERS
BRILLIANT, OH 43913

SBA Loan Lender

PROGRESSIVE BANK
1701 WARWOOD AVE
WHEELING, WV 26003

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441229 - Motor Vehicle Dealers

Loan Approval Date

12/6/2002

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

504 Loans

Best Banks in Wheeling, West Virginia

Getting an SBA Loan in West Virginia