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May 9, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Steel Foundries Loan | ||||
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SBA Lender Mercer Pennsylvania
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Getting an SBA Loan for Steel FoundriesWith these business loans for steel foundries, the SBA guarantees the lender that the loan will be repaid. This steel foundries loan for $1,000,000 was given to a Pennsylvania entrepreneur in 2000. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mercer, Pennsylvania was able to borrow $1,000,000 from Ge Cap. Small Business Finan Corp. The SBA made the loan possible by guaranteeing $750,000 of this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: STEEL FOUNDRIES SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3325 - Steel Foundries NAICS Code 331513 - Steel Foundries Loan Approval Date 3/15/2000 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. 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 35 employees. The SBA loan documents indicated that the loan would help generate 35 new jobs and retain 35 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Banking Deregulation's Effects on Entrepreneurship Small Bank Loans in St. Louis, Missouri
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