Wesbanco Bank Fairmont, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Wesbanco Bank Fairmont, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 488991 | Packing and Crating | 1 | $134K | $134K | 33.3% |
Geographic Distribution
SBA lending activity for Wesbanco Bank Fairmont, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| West Virginia (WV) | 3 | $585K | 100.0% |
Why Choose Wesbanco Bank Fairmont, Inc.?
Based on SBA 7(a) lending track record from 1998-2000
- ✓Proven Track Record: 3 SBA loans approved, totaling $585K in financing
- ✓Industry Expertise: Specialized focus on Packing and Crating
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $36K to $415K, with an average of $195K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in WV
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Wesbanco Bank Fairmont, Inc. SBA lending
What types of businesses does Wesbanco Bank Fairmont, Inc. typically finance?
Wesbanco Bank Fairmont, Inc. specializes in SBA 7(a) lending to specific industries including packing and crating. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Wesbanco Bank Fairmont, Inc.'s typical SBA loan terms?
Wesbanco Bank Fairmont, Inc.'s SBA 7(a) loans typically feature an average interest rate of — and average term length of 115 months (approximately 10 years). Loan sizes range from $36K to $415K, with an average loan size of $195K.
Do I need a business valuation for a Wesbanco Bank Fairmont, Inc. SBA loan?
Yes, Wesbanco Bank Fairmont, Inc. typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Wesbanco Bank Fairmont, Inc. compare to other SBA lenders?
Wesbanco Bank Fairmont, Inc. has originated 3 SBA loans totaling $585K since 1998. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Wesbanco Bank Fairmont, Inc. lend in?
Wesbanco Bank Fairmont, Inc. provides SBA 7(a) financing with particularly strong presence in WV. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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