Weston, West Virginia Bank Lends Money to Local Trucking Without Storage Company in Weston, West Virginia

A Weston, West Virginia SBA loan can be yours. Learn how a company got a $68,400 business loan from this West Virginia bank.

This loan to an entrepreneur is a good example of an SBA loan. The Citizens Bank Of Weston made the loan and the SBA guaranteed a portion of the loan. Many other West Virginia entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: LOCAL TRUCKING WITHOUT STORAGE
WESTON, WV 26452

SBA Loan Lender

THE CITIZENS BANK OF WESTON
201 MAIN AVE
WESTON, WV 26452

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

4212 - Local Trucking Without Storage

Loan Approval Date

4/10/2000

Loan Approval Gross Amount

$68,400

Loan Approval from the SBA

Of the total $68,400 loan amount, the SBA guaranteed $54,720.

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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 $68,400 loan. Remember, anyone can do it... so why not you?

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:

The Art of Bootstrapping

SBA 7A Banks for Weston, West Virginia Loans

Getting a Business Loan in West Virginia