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May 7, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Pittsburgh, Business Loans > S & T Bank Pittsburgh Business Loans > Beer And Ale Merchant Wholesalers Loan | ||||
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How Do We Get a Business Loan in Ford City, Pennsylvania?
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Borrowing Money for Beer and Ale Merchant WholesalersLooking for loans for beer and ale merchant wholesalers? Try the SBA. This $118,000 beer and ale merchant wholesalers loan was issued by a Pennsylvania bank. This small firm knew how to go about getting a business bank loan. Based in Ford City, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was S & T Bank, based in Pittsburgh, Pennsylvania. SBA Loan Borrower COMPANY TYPE: BEER AND ALE MERCHANT WHOLESALERS SBA Loan Lender S & T BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424810 - Beer and Ale Merchant Wholesalers Loan Approval Date 6/29/2005 Loan Approval Gross Amount $118,000 Loan Approval from the SBA Of the total $118,000 loan amount, the SBA guaranteed $100,300. 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 4 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $118,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA 7A Banks for Pittsburgh, Pennsylvania Loans
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