Manufacturers & Traders Trust SBA Loan to Converted Paper And Paperboard Products, N.E.C Company
Searching for a Pennsylvania small business loan? Here's one Pennsylvania business loan that was approved by the SBA.
This up and coming company knew how to go about getting a business bank loan. Based in Roaring Spring, Pennsylvania, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Manufacturers & Traders Trust, based in Amherst, New York.
SBA Loan Borrower
COMPANY TYPE: CONVERTED PAPER AND PAPERBOARD PRODUCTS, N.E.C
ROARING SPRING, PA 16673
SBA Loan Lender
MANUFACTURERS & TRADERS TRUST
4925 MAIN ST
AMHERST, NY 14226
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
SIC Code
2679 - Converted Paper and Paperboard Products, N.E.C
Loan Approval Date
3/17/2000
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $37,500.
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 only one employee. This SBA loan request indicated that the loan would help create 5 new jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Manufacturers & Traders Trust 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:
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SBA Approved Banks in Amherst, New York
New York SBA Bank Lenders