Ameriserv Financial Bank Provides SBA Loan to Buy Mr. Electric Franchise

Need money to invest in a Mr. Electric franchise? Ameriserv Financial Bank has a history of making these loans and they are guaranteed by the SBA.

Mr. Electric franchise loans are available to Burgettstown, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Ameriserv Financial Bank, based in Johnstown, Pennsylvania, issued an SBA franchise loan for a Mr. Electric franchise in 2002. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

MR. ELECTRIC OF PITTSBURGH
BURGETTSTOWN, PA 15021

SBA Loan Lender

AMERISERV FINANCIAL BANK
216 FRANKLIN ST
JOHNSTOWN, PA 15901

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1731 - Electrical Work

NAICS Code

235310 - Electrical Contractors

Loan Approval Date

4/3/2002

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mr. Electric franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $130,000. How would you spend $130,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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Mr. Electric

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