Entrepreneur Works With Hollidaysburg, Pennsylvania Bank to Get an SBA Loan
Want to talk with a Hollidaysburg, Pennsylvania bank about a small business loan? Here's one Pennsylvania business loan, issued by a Hollidaysburg bank, that was approved by the SBA.
Applying for an SBA loan with First Commonwealth Bank worked out well for our friends at one local firm in Altoona, Pennsylvania. The business was able to get an SBA loan for $82,300. Sweet!
SBA Loan Borrower
COMPANY TYPE: SPECIAL TRADE CONTRACTORS
ALTOONA, PA 16601
SBA Loan Lender
FIRST COMMONWEALTH BANK
RTE 220 & N JUNIATA ST
HOLLIDAYSBURG, PA 16648
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.
NAICS Code
235990 - Special Trade Contractors
Loan Approval Date
10/30/2003
Loan Approval Gross Amount
$82,300
Loan Approval from the SBA
Of the total $82,300 loan amount, the SBA guaranteed $41,150.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.
Start the Process for Getting an SBA Loan Today!
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Commonwealth Bank and they will explain how you can get an SBA loan for your company.
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:
Business Incubators
Where to Get an SBA Loan in Hollidaysburg, Pennsylvania
SBA Lenders in Pennsylvania