Business Loan from Dollar Bank A Fed. Savings Bk Given to Eating Places Company
Dollar Bank A Fed. Savings Bk and the SBA work together to get business loans for growing small businesses. Here's an example of how a Pennsylvania entrepreneur was able to get a loan to take a small business to the next level.
This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Dollar Bank A Fed. Savings Bk, out of Pittsburgh, Pennsylvania. The loan was granted and they received $93,600 to help grow their Pittsburgh, Pennsylvania business.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
PITTSBURGH, PA 15210
SBA Loan Lender
DOLLAR BANK A FED. SAVINGS BK
THREE GATEWAY CTR-1 EAST
PITTSBURGH, PA 15222
This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.
SBA Loan Program Type
This loan was issued as a general business loan.
5812 - Eating Places
722320 - Caterers
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $93,600 loan amount, the SBA guaranteed $79,560.
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 funding to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
If you are working on finding money to start a business in Pittsburgh PA, you ought to talk with a local Pittsburgh SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pittsburgh businesses.
If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Dollar Bank A Fed. Savings Bk 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 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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