Loan Census Banking News and Information
May 15, 2024  
 
 
  Business Loan Information  
 

What Does It Take to Get a Business Loan in Williamsport, Pennsylvania?

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Concrete Block and Brick Manufacturing

Looking for bank loans for concrete block and brick manufacturing? Talk to a banker who works with the SBA. This $30,000 concrete block and brick manufacturing loan was issued by a New York bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Williamsport, Pennsylvania was able to borrow $30,000 from Manufacturers & Traders Trust. The SBA made the loan possible by guaranteeing $24,000 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: CONCRETE BLOCK AND BRICK
WILLIAMSPORT, PA 17701

SBA Loan Lender

MANUFACTURERS & TRADERS TRUST
4925 MAIN ST
AMHERST, NY 14226

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3271 - Concrete Block and Brick

NAICS Code

327331 - Concrete Block and Brick Manufacturing

Loan Approval Date

1/14/2000

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $24,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Manufacturers & Traders Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Family and Friend Investors - Your First Financiers

Best Amherst, New York Banks for Small Business

New York SBA Banks