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May 16, 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 And Steel Pipe And Tube Manufacturing From Purchased Steel Loan | ||||
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Banks Doing SBA Loans in Pennsylvania
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Hermitage, Pennsylvania Lender Lends Money to Iron And Steel Pipe And Tube Manufacturing From Purchased Steel CompanyWant to talk with a Hermitage, Pennsylvania bank about a business loan? Here's one Pennsylvania business loan, issued by a Hermitage bank, that was approved by the SBA. Applying for an SBA loan with First National Bank - Pennsylvania worked out well for our friends at one local firm in Sharpsville, Pennsylvania. They got an SBA loan for $150,000. Nice! SBA Loan Borrower COMPANY TYPE: IRON AND STEEL PIPE AND TUBE MANUFACTURING FROM PURCHASED STEEL 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 331210 - Iron and Steel Pipe and Tube Manufacturing from Purchased Steel Loan Approval Date 1/3/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 20 employees. The SBA loan documents indicated that the loan would help retain 20 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First National Bank - Pennsylvania that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Hermitage, Pennsylvania
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