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May 18, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Hermitage, Business Loans > First National Bank - Pennsylvania Hermitage Business Loans > Iron Foundries Loan | ||||
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SBA Lender Saxonburg Pennsylvania
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Loans for Iron FoundriesWith these loans for iron foundries, the SBA guarantees the lender that the loan will be repaid. This iron foundries loan for $40,000 was given to a Pennsylvania entrepreneur in 2002. This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First National Bank - Pennsylvania, out of Hermitage, Pennsylvania. The loan was granted and they received $40,000 to help grow their Saxonburg, Pennsylvania business. SBA Loan Borrower COMPANY TYPE: IRON FOUNDRIES SBA Loan Lender FIRST NATIONAL BANK - PENNSYLVANIA This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 331511 - Iron Foundries Loan Approval Date 12/16/2002 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $20,000. 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 16 employees. This SBA loan request indicated that the loan would help retain 16 existing jobs. Getting an SBA Loan For Your Business If you need money to start a small business or need money to grow a business, an SBA loan can be a great funding source We can help you find the best banks for small businesses in Saxonburg or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA 7A Banks in Hermitage, Pennsylvania
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