Dollar Bank A Fed. Savings Bk SBA Loan to Local Passenger Transportation, N.E.C Company
Looking to get a Pennsylvania SBA loan? Here's one Pennsylvania business loan that was approved by the SBA.
This local small business knew how to go about getting a business bank loan. Based in Pittsburgh, Pennsylvania, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Dollar Bank A Fed. Savings Bk, based in Pittsburgh, Pennsylvania.
SBA Loan Borrower
COMPANY TYPE: LOCAL PASSENGER TRANSPORTATION, N.E.C
PITTSBURGH, PA 15206
SBA Loan Lender
DOLLAR BANK A FED. SAVINGS BK
THREE GATEWAY CTR-1 EAST
PITTSBURGH, PA 15222
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
4119 - Local Passenger Transportation, N.E.C
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $80,000 loan amount, the SBA guaranteed $64,000.
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 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
If you need to find money for a business, 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.
SBA Participating Banks in Pittsburgh, Pennsylvania
Pennsylvania SBA 7A Lenders