Loan Census Banking News and Information
December 20, 2024  
 
 
  Business Loan Information  
 

West Virginia SBA Lenders

 

 
Loan Census SBA Loan Info

Wheeling, West Virginia Lender Lends Money to Lawn And Garden Services Company

Want to talk with a Wheeling, West Virginia bank about an SBA loan? Here's one West Virginia business loan, issued by a Wheeling bank, that was approved by the SBA.

Applying for an SBA loan with Wesbanco Bank, Inc. worked out well for our friends at one local company in Wellsburg, West Virginia. They received an SBA loan for $25,500. Great job!

SBA Loan Borrower

COMPANY TYPE: LAWN AND GARDEN SERVICES
WELLSBURG, WV 26070

SBA Loan Lender

WESBANCO BANK, INC.
1 BANK PLZ
WHEELING, WV 26003

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

0782 - Lawn and Garden Services

NAICS Code

561730 - Landscaping Services

Loan Approval Date

4/16/2003

Loan Approval Gross Amount

$25,500

Loan Approval from the SBA

Of the total $25,500 loan amount, the SBA guaranteed $21,675.

More Information on This SBA Loan

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

Next Steps for Getting an SBA Loan

If you are raising money in Wellsburg WV, you ought to talk with a local Wellsburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wellsburg businesses.

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:

Small Business Loan

Small Bank Loans in Wheeling, West Virginia

SBA Participating Banks in West Virginia