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May 19, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Mcconnellsburg, Business Loans > 1st National Bank - Greencastle Mcconnellsburg Business Loans > Plumbing, Heating, And Air-Conditioning Loan | ||||
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Maryland Small Business Loans from 1st National Bank - Greencastle
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Business Loan from 1st National Bank - Greencastle Given to Plumbing, Heating, And Air-Conditioning CompanyAn SBA loan from 1st National Bank - Greencastle typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Boonsboro, Maryland business owner got a $200,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with 1st National Bank - Greencastle, out of Mcconnellsburg, Pennsylvania. The loan was granted and they received $200,000 to help grow their Boonsboro, Maryland business. SBA Loan Borrower COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING SBA Loan Lender 1ST NATIONAL BANK - GREENCASTLE This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1711 - Plumbing, Heating, and Air-Conditioning NAICS Code 235110 - Plumbing, Heating, and Air Conditioning Contractors Loan Approval Date 1/12/2001 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 14 employees. This SBA loan request did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Best Banks for Small Business in Mcconnellsburg, Pennsylvania
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