Borrowing Money for Plumbing, Heating, and Air Conditioning Contractors

Looking for loans for plumbing, heating, and air conditioning contractors? An SBA loan may be just what you've been looking for. This $115,000 plumbing, heating, and air conditioning contractors loan was issued by a Pennsylvania bank.

This small firm knew how to go about getting a business bank loan. Based in Mcalisterville, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Sovereign Bank, based in Harrisburg, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING
MCALISTERVILLE, PA 17049

SBA Loan Lender

SOVEREIGN BANK
235 N SECOND ST
HARRISBURG, PA 17101

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

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

9/25/2001

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $97,750.

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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $115,000 loan. Remember, where there is a will, there is a way!

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:

The Art of Bootstrapping

SBA Approved Banks in Harrisburg, Pennsylvania

SBA Participating Banks in Pennsylvania