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May 13, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Providence, Business Loans > Rbs Citizens Providence Business Loans > Metal Tank Manufacturing Loan | ||||
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SBA Lenders for Somerset, Pennsylvania Small Business Owners
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Borrowing Money for Metal Tank ManufacturingWith these bank loans for metal tank manufacturing, the SBA guarantees the lender that the loan will be repaid. This metal tank manufacturing loan for $2,000 was given to a Pennsylvania entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Somerset, Pennsylvania was able to borrow $2,000 from Rbs Citizens. The SBA made the loan possible by guaranteeing $1,000 of this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: METAL TANK MANUFACTURING SBA Loan Lender RBS CITIZENS 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 332420 - Metal Tank Manufacturing Loan Approval Date 12/6/2004 Loan Approval Gross Amount $2,000 Loan Approval from the SBA Of the total $2,000 loan amount, the SBA guaranteed $1,000. 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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Somerset 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: Good Banks for Small Business in Providence, Rhode Island
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