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May 4, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Pittsburgh, Business Loans > Dollar Bank A Fed. Savings Bk Pittsburgh Business Loans > Retail Stores Loan | ||||
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Dollar Bank A Fed. Savings Bk Business Loans Bridgeville
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Dollar Bank A Fed. Savings Bk SBA Loan to Retail Stores CompanyAn SBA loan from Dollar Bank A Fed. Savings Bk typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bridgeville, Pennsylvania business owner got a $45,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bridgeville, Pennsylvania was able to borrow $45,000 from Dollar Bank A Fed. Savings Bk. The SBA made the loan possible by guaranteeing $38,250 of this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender DOLLAR BANK A FED. SAVINGS BK 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 5999 - Retail Stores NAICS Code 453998 - Store Retailers Loan Approval Date 3/23/2001 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $38,250. 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 only one employee. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Dollar Bank A Fed. Savings Bk and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Banks in Pittsburgh, Pennsylvania
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