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May 11, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Hollidaysburg, Business Loans > First Commonwealth Bank Hollidaysburg Business Loans > Electrical Equipment And Component Manufacturing Loan | ||||
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Tips for Small Business Owners On Getting a Loan
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Financing for Electrical Equipment and Component ManufacturingLooking for loans for electrical equipment and component manufacturing? The SBA may be the answer. This $90,000 electrical equipment and component manufacturing loan was issued by a Pennsylvania bank. This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First Commonwealth Bank, out of Hollidaysburg, Pennsylvania. The loan was granted and they received $90,000 to help grow their Butler, Pennsylvania business. SBA Loan Borrower COMPANY TYPE: ELECTRICAL EQUIPMENT AND COMPONENT MANUFACTURING SBA Loan Lender FIRST COMMONWEALTH BANK This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 335999 - Electrical Equipment and Component Manufacturing Loan Approval Date 5/19/2005 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $45,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 50 employees. The loan application indicated that the borrowed money would help generate 10 new jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $90,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Good Banks for Small Business in Hollidaysburg, Pennsylvania
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