Laceyville, Pennsylvania Bank Gives SBA Loan to General Automotive Repair Shops Company

Get to know Laceyville, Pennsylvania banks that specialize in small business loans and know how to work with entrepreneurs. First Lib Bank & Trust A Divisio is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Tunkhannock, Pennsylvania starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from First Lib Bank & Trust A Divisio. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS
TUNKHANNOCK, PA 18657

SBA Loan Lender

FIRST LIB BANK & TRUST A DIVISIO
101 MAIN ST
LACEYVILLE, PA 18623

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7538 - General Automotive Repair Shops

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

9/26/2002

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Obtaining Funding - How to Borrow Money

Small Business Banks in Laceyville, Pennsylvania

SBA Pennsylvania Banks