Loan Census Banking News and Information
December 21, 2024  
 
 
  Business Loan Information  
 

SBA Lender New Martinsville

 

 
Loan Census SBA Loan Info

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.

Related Links:

A Company That Helps Entrepreneurs

SBA 7A Lenders in New Martinsville, West Virginia

Browse All Business Loan Sources for West Virginia