Wheeling, West Virginia Business Gets SBA-Guaranteed Funding from Ameribank
Ameribank and the SBA work together to get business loans for growing small businesses. Here's an example of how a West Virginia entrepreneur was able to get a loan to take a small business to the next level.
This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Ameribank, out of Saint Clairsville, Ohio. The loan was granted and they received $100,000 to help grow their Wheeling, West Virginia business.
SBA Loan Borrower
COMPANY TYPE: SECRETARIAL AND COURT REPORTING SERVICES
WHEELING, WV 26003
SBA Loan Lender
AMERIBANK
68400 STEWART DR
SAINT CLAIRSVILLE, OH 43950
The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7338 - Secretarial and Court Reporting Services
NAICS Code
561492 - Court Reporting and Stenotype Services
Loan Approval Date
1/6/2000
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $80,000.
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 2 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
If you want money for new small business in Wheeling WV, you ought to talk with a local Wheeling SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wheeling businesses.
We can help you find the best banks for small businesses in Wheeling or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Determining Proper Capital Structure for a Business
SBA 7A Banks for Saint Clairsville, Ohio Loans
Ohio SBA 7A Banks