Pittsburgh, Pennsylvania Bank Gives SBA Loan to Eating Places Company
Want to talk with a Pittsburgh, Pennsylvania bank about a small business loan? Here's one Pennsylvania business loan, issued by a Pittsburgh bank, that was approved by the SBA.
Applying for an SBA loan with Iron And Glass Bank worked out well for our friends at one local company in Pittsburgh, Pennsylvania. They received an SBA loan for $82,800. Way to go!
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
PITTSBURGH, PA 15235
SBA Loan Lender
IRON AND GLASS BANK
1114 E CARSON ST
PITTSBURGH, PA 15203
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.
5812 - Eating Places
722211 - Limited-Service Restaurants
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $82,800 loan amount, the SBA guaranteed $62,100.
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 17 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.
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