Business Loan from First National Bank - Pennsylvania Given to Computer Related Services Company

An SBA loan from First National Bank - Pennsylvania typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a North East, Pennsylvania business owner got a $100,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in North East, Pennsylvania was able to borrow $100,000 from First National Bank - Pennsylvania. The SBA made the loan possible by guaranteeing $85,000 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: COMPUTER RELATED SERVICES
NORTH EAST, PA 16428

SBA Loan Lender

FIRST NATIONAL BANK - PENNSYLVANIA
5999 STATION RD
NORTH EAST, PA 16428

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

7379 - Computer Related Services

NAICS Code

541512 - Computer Systems Design Services

Loan Approval Date

11/29/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 8 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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 SBA loan was for $100,000. How would you spend $100,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Getting a Small Business Loan

SBA 7A Banks in North East, Pennsylvania

Where to Get an SBA Loan Pennsylvania