SBA Loans for Specialty Trade Contractors

Looking for SBA loans for specialty trade contractors? Talk to a banker who works with the SBA. This $75,000 specialty trade contractors loan was issued by a Pennsylvania bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First Commonwealth Bank, out of Hollidaysburg, Pennsylvania. The loan was granted and they received $75,000 to help grow their Altoona, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
ALTOONA, PA 16602

SBA Loan Lender

FIRST COMMONWEALTH BANK
RTE 220 & N JUNIATA ST
HOLLIDAYSBURG, PA 16648

This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

238990 - Specialty Trade Contractors

Loan Approval Date

7/13/2005

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 an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Altoona PA, you ought to talk with a local Altoona SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Altoona businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Commonwealth Bank 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:

Obtaining Funding - Friends and Family

Who Lends Money to Small Businesses in Hollidaysburg, Pennsylvania

SBA Lenders in Pennsylvania