Entrepreneur Works With New Martinsville, West Virginia Bank to Get an SBA Loan
Want to talk with a New Martinsville, West Virginia bank about a business loan? Here's one Ohio business loan, issued by a New Martinsville 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 firm in Woodsfield, Ohio. They received an SBA loan for $65,000. Nice!
SBA Loan Borrower
COMPANY TYPE: REPAIR SHOPS AND RELATED SERVICES
WOODSFIELD, OH 43793
SBA Loan Lender
WESBANCO BANK, INC.
285 N STATE RTE 2, STEELTON F
NEW MARTINSVILLE, WV 26155
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
7699 - Repair Shops and Related Services
NAICS Code
562991 - Septic Tank and Related Services
Loan Approval Date
1/4/2002
Loan Approval Gross Amount
$65,000
Loan Approval from the SBA
Of the total $65,000 loan amount, the SBA guaranteed $55,250.
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 only one employee. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money
We can help you find the best banks for small businesses in Woodsfield 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.
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