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May 15, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Hollidaysburg, Business Loans > First Commonwealth Bank Hollidaysburg Business Loans > Meat And Meat Product Wholesalers Loan | ||||
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Raising Money in Bellwood, Pennsylvania With SBA Loans
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Meat and Meat Product Wholesalers Small Business LoansWith these small business loans for meat and meat product wholesalers, the SBA guarantees the lender that the loan will be repaid. This meat and meat product wholesalers loan for $75,000 was given to a Pennsylvania entrepreneur in 2001. This small firm knew how to go about getting a business bank loan. Based in Bellwood, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was First Commonwealth Bank, based in Hollidaysburg, Pennsylvania. SBA Loan Borrower COMPANY TYPE: MEAT AND MEAT PRODUCT WHOLESALERS SBA Loan Lender FIRST COMMONWEALTH BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 422470 - Meat and Meat Product Wholesalers Loan Approval Date 8/1/2001 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. More Information on This SBA Loan The borrower borrowed this money for an existing 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 20 employees. The SBA loan documents indicated that the loan would help retain 1 existing job. 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. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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 Hollidaysburg, Pennsylvania
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