Business Loans for Prerecorded Tape, Compact Disc, and Record Stores

Looking for business loans for prerecorded tape, compact disc, and record stores? Talk to a banker who works with the SBA. This $36,000 prerecorded tape, compact disc, and record stores loan was issued by a Pennsylvania bank.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Farmers & Merchants Trust, out of Mcconnellsburg, Pennsylvania. The loan was granted and they received $36,000 to help grow their Mcconnellsburg, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: RECORD AND PRERECORDED TAPE STORES
MCCONNELLSBURG, PA 17233

SBA Loan Lender

FARMERS & MERCHANTS TRUST
100 LINCOLN WAY EAST
MCCONNELLSBURG, PA 17233

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.

SIC Code

5735 - Record and Prerecorded Tape Stores

NAICS Code

451220 - Prerecorded Tape, Compact Disc, and Record Stores

Loan Approval Date

8/10/2000

Loan Approval Gross Amount

$36,000

Loan Approval from the SBA

Of the total $36,000 loan amount, the SBA guaranteed $28,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

We can help you find the best banks for small businesses in Mcconnellsburg or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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