Erie, Pennsylvania Bank Lends Money to Industrial And Personal Service Paper Merchant Wholesalers Company in Hermitage, Pennsylvania
Want to talk with an Erie, Pennsylvania bank about a business loan? Here's one Pennsylvania business loan, issued by an Erie bank, that was approved by the SBA.
Applying for an SBA loan with National City Bank worked out well for our friends at one local business in Hermitage, Pennsylvania. They received an SBA loan for $12,400. Great job!
SBA Loan Borrower
COMPANY TYPE: INDUSTRIAL AND PERSONAL SERVICE PAPER MERCHANT WHOLESALERS
HERMITAGE, PA 16148
SBA Loan Lender
NATIONAL CITY BANK
801 STATE ST
ERIE, PA 16501
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
424130 - Industrial and Personal Service Paper Merchant Wholesalers
Loan Approval Date
12/16/2003
Loan Approval Gross Amount
$12,400
Loan Approval from the SBA
Of the total $12,400 loan amount, the SBA guaranteed $6,200.
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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
SBIR Funding
SBA 7A Banks in Erie, Pennsylvania
SBA Pennsylvania Lenders