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May 12, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > State College, Business Loans > Nittany Bank, A Division Of State College Business Loans > Painting And Paper Hanging Loan | ||||
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Pennsylvania SBA Lenders
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State College, Pennsylvania Bank Gives SBA Loan to Painting And Paper Hanging CompanyThinking about meeting with a State College, Pennsylvania bank about a small business loan? Here's one Pennsylvania business loan, issued by a State College bank, that was approved by the SBA. Applying for an SBA loan with Nittany Bank, A Division Of worked out well for our friends at one local company in State College, Pennsylvania. The business was able to get an SBA loan for $10,500. Great job! SBA Loan Borrower COMPANY TYPE: PAINTING AND PAPER HANGING SBA Loan Lender NITTANY BANK, A DIVISION OF This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1721 - Painting and Paper Hanging NAICS Code 235210 - Painting and Wall Covering Loan Approval Date 7/31/2003 Loan Approval Gross Amount $10,500 Loan Approval from the SBA Of the total $10,500 loan amount, the SBA guaranteed $8,925. 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 6 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Where to Get an SBA Loan in State College, Pennsylvania
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