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May 13, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Butler, Business Loans > Nextier Bank Butler Business Loans > Eating Places Loan | ||||
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Who Can Get a Business Loan in Slippery Rock, Pennsylvania?
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Full-Service Restaurants Commercial LoansLooking for commercial loans for full-service restaurants? Try the SBA. This $90,000 full-service restaurants loan was issued by a Pennsylvania bank. This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Nextier Bank, out of Butler, Pennsylvania. The loan was granted and they received $90,000 to help grow their Slippery Rock, Pennsylvania business. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender NEXTIER BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 11/21/2002 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $67,500. 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 31 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Find an SBA Lender in Pennsylvania
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