Loan Census Banking News and Information
May 31, 2023  
  Business Loan Information  

Best Banks for Erie, Pennsylvania Small Business Owners


Loan Census SBA Loan Info

Musical Instrument Manufacturing Small Business Loans

With these small business loans for musical instrument manufacturing, the SBA guarantees the lender that the loan will be repaid. This musical instrument manufacturing loan for $63,000 was given to a Pennsylvania entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Erie, Pennsylvania was able to borrow $63,000 from National City Bank. The SBA made the loan possible by guaranteeing $53,550 of this Pennsylvania small business loan.

SBA Loan Borrower

ERIE, PA 16508

SBA Loan Lender


This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3931 - Musical Instruments


339992 - Musical Instrument Manufacturing

Loan Approval Date


Loan Approval Gross Amount


Loan Approval from the SBA

Of the total $63,000 loan amount, the SBA guaranteed $53,550.

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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned 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.

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 National City Bank 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 news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. 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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