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May 14, 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 And Electronic Repair Shops Loan | ||||
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How to Get SBA Loans in New Castle, Pennsylvania
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Household Appliance Stores Business LoansLooking for business loans for household appliance stores? Talk to a banker who works with the SBA. This $400,000 household appliance stores loan was issued by a Pennsylvania bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New Castle, Pennsylvania was able to borrow $400,000 from First Commonwealth Bank. The SBA made the loan possible by guaranteeing $300,000 of this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRICAL AND ELECTRONIC REPAIR SHOPS SBA Loan Lender FIRST COMMONWEALTH BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7629 - Electrical and Electronic Repair Shops NAICS Code 443111 - Household Appliance Stores Loan Approval Date 12/11/2002 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. 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 20 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Commonwealth Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Family and Friend Investors - Your First Financiers SBA 7A Banks in Hollidaysburg, Pennsylvania
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