Loan Census Banking News and Information
April 28, 2024  
 
 
  Business Loan Information  
 

SBA Lender Hollidaysburg, Pennsylvania

 

 
Loan Census SBA Loan Info

Hollidaysburg, Pennsylvania Lender Lends Money to Investigation Services Company

Want to talk with a Hollidaysburg, Pennsylvania bank about an SBA loan? Here's one Pennsylvania business loan, issued by a Hollidaysburg bank, that was approved by the SBA.

Applying for an SBA loan with First Commonwealth Bank worked out well for our friends at one local firm in Pittsburgh, Pennsylvania. They got an SBA loan for $120,000. Great job!

SBA Loan Borrower

COMPANY TYPE: INVESTIGATION SERVICES
PITTSBURGH, PA 10236

SBA Loan Lender

FIRST COMMONWEALTH BANK
RTE 220 & N JUNIATA ST
HOLLIDAYSBURG, PA 16648

This lender issued this small business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561611 - Investigation Services

Loan Approval Date

12/23/2005

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

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 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Commonwealth Bank and they will explain how you can get an SBA loan for your company.

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:

Business Credit Evaluation

Banks in Hollidaysburg, Pennsylvania

Pennsylvania SBA 7A Lenders