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

Looking to get a Texas business loan? Here's one Texas business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Higgins, Texas, they applied for and were given 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 79046

SBA Loan Lender

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

This small 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

$42,240

Loan Approval from the SBA

Of the total $42,240 loan amount, the SBA guaranteed $31,680.

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

Start the Process for Getting an SBA Loan Today!

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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $42,240 loan. Remember, if it to be, it is up to me!

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.

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