Wesbanco Bank, Inc. SBA Loan to Auto And Home Supply Stores Company

Wesbanco Bank, Inc. is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Texas entrepreneur who tapped into the power of SBA loans.

This business knew how to go about getting a business bank loan. Based in Higgins, Texas, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Wesbanco Bank, Inc., based in Bridgeport, West Virginia.

SBA Loan Borrower

COMPANY TYPE: AUTO AND HOME SUPPLY STORES
HIGGINS, TX 79040

SBA Loan Lender

WESBANCO BANK, INC.
1130 JOHNSON AVE
BRIDGEPORT, WV 26330

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5531 - Auto and Home Supply Stores

Loan Approval Date

5/5/2000

Loan Approval Gross Amount

$41,129

Loan Approval from the SBA

Of the total $41,129 loan amount, the SBA guaranteed $30,847.

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 8 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Wesbanco Bank, Inc. had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Wesbanco Bank, Inc. made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Advice on Getting a Small Business Loan

Small Bank Loans in Bridgeport, West Virginia

SBA West Virginia Banks