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May 10, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Greensburg, Business Loans > First Commonwealth Bank Greensburg Business Loans > Eating Places Loan | ||||
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SBA Lender Greensburg
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Greensburg, Pennsylvania Bank Gives SBA Loan to Eating Places CompanyThinking about meeting with a Greensburg, Pennsylvania bank about a business loan? Here's one Pennsylvania business loan, issued by a Greensburg bank, that was approved by the SBA. Applying for an SBA loan with First Commonwealth Bank worked out well for our friends at one local business in Monroeville, Pennsylvania. They got an SBA loan for $324,000. Sweet! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender FIRST COMMONWEALTH BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA 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 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 2/15/2001 Loan Approval Gross Amount $324,000 Loan Approval from the SBA Of the total $324,000 loan amount, the SBA guaranteed $243,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Commonwealth Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Obtaining Funding - How to Decide How Much to Raise Good Banks for Small Business in Greensburg, Pennsylvania
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