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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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Raising Money in Reynoldsville, Pennsylvania With SBA Loans
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Borrowing Money for Flooring ContractorsLooking for loans for flooring contractors? Try the SBA. This $179,400 flooring contractors loan was issued by a Pennsylvania bank. This small firm knew how to go about getting a business bank loan. Based in Reynoldsville, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was S & T Bank, based in Pittsburgh, Pennsylvania. SBA Loan Borrower COMPANY TYPE: FLOOR LAYING AND OTHER FLOOR WORK SBA Loan Lender S & T BANK This lender issued this debt financing under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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. SIC Code 1752 - Floor Laying and Other Floor Work NAICS Code 238330 - Flooring Contractors Loan Approval Date 7/2/2003 Loan Approval Gross Amount $179,400 Loan Approval from the SBA Of the total $179,400 loan amount, the SBA guaranteed $134,550. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like S & T Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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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