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May 3, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Pittsburgh, Business Loans > Iron And Glass Bank Pittsburgh Business Loans > Eating Places Loan | ||||
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Pittsburgh SBA Lenders
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Pittsburgh, Pennsylvania Bank Gives SBA Loan to Eating Places CompanyWant to talk with a Pittsburgh, Pennsylvania bank about a small business loan? Here's one Pennsylvania business loan, issued by a Pittsburgh bank, that was approved by the SBA. Applying for an SBA loan with Iron And Glass Bank worked out well for our friends at one local company in Pittsburgh, Pennsylvania. They received an SBA loan for $82,800. Way to go! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender IRON AND GLASS BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/17/2000 Loan Approval Gross Amount $82,800 Loan Approval from the SBA Of the total $82,800 loan amount, the SBA guaranteed $62,100. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 17 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you need seed money for 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: Small Bank Loans in Pittsburgh, Pennsylvania
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