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May 17, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Harrisburg, Business Loans > Centric Bank Harrisburg Business Loans > Logging Loan | ||||
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Examples of Harrisburg SBA Loans
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Where to Get Capital for LoggingWith these small business loans for logging, the SBA guarantees the lender that the loan will be repaid. This logging loan for $145,660 was given to a Pennsylvania entrepreneur in 2000. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Centric Bank, out of Harrisburg, Pennsylvania. The loan was granted and they received $145,660 to help grow their Harrisburg, Pennsylvania business. SBA Loan Borrower COMPANY TYPE: LOGGING SBA Loan Lender CENTRIC BANK 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 2411 - Logging NAICS Code 113310 - Logging Loan Approval Date 4/6/2000 Loan Approval Gross Amount $145,660 Loan Approval from the SBA Of the total $145,660 loan amount, the SBA guaranteed $109,245. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you 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. 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 $145,660 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: The Friends and Family Network Small Bank Loans in Harrisburg, Pennsylvania
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