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May 7, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Pittsburgh, Business Loans > S & T Bank Pittsburgh Business Loans > Floor Laying And Other Floor Work Loan | ||||
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How Do We Get a Business Loan in Reynoldsville, Pennsylvania?
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Floor Laying and Floor Contractors Commercial LoansWith these commercial loans for floor laying and floor contractors, the SBA guarantees the lender that the loan will be repaid. This floor laying and floor contractors loan for $105,243 was given to a Pennsylvania entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Reynoldsville, Pennsylvania was able to borrow $105,243 from S & T Bank. The SBA made the loan possible by guaranteeing $78,932 of this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: FLOOR LAYING AND OTHER FLOOR WORK SBA Loan Lender S & T BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1752 - Floor Laying and Other Floor Work NAICS Code 235520 - Floor Laying and Floor Contractors Loan Approval Date 2/5/2003 Loan Approval Gross Amount $105,243 Loan Approval from the SBA Of the total $105,243 loan amount, the SBA guaranteed $78,932. 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 2 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 S & T 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: Good Banks for Small Business in Pittsburgh, Pennsylvania
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