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May 21, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Hermitage, Business Loans > First National Bank - Pennsylvania Hermitage Business Loans > Water Supply And Irrigation Systems Loan | ||||
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SBA 7A Banks That Lend to Conneaut Lake Businesses
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Pennsylvania Business Loan Issued to Water Supply And Irrigation Systems CompanyPennsylvaniaBank loans are available to Pennsylvania firms through the SBA. In this case, a Pennsylvania bank provides the loan. You can learn something about getting a small business loan in Conneaut Lake, Pennsylvania by studying this loan to a local company, made back in 2003. Banks like First National Bank - Pennsylvania may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: WATER SUPPLY AND IRRIGATION SYSTEMS SBA Loan Lender FIRST NATIONAL BANK - PENNSYLVANIA This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 221310 - Water Supply and Irrigation Systems Loan Approval Date 9/16/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First National Bank - Pennsylvania had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First National Bank - Pennsylvania made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Hermitage, Pennsylvania Banks for Small Business Browse All Business Loan Sources for Pennsylvania
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