Commercial Loans for Tobacco Stores

With these commercial loans for tobacco stores, the SBA guarantees the lender that the loan will be repaid. This tobacco stores loan for $20,800 was given to a Pennsylvania entrepreneur in 2000.

This business knew how to go about getting a business bank loan. Based in Archbald, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was First Lib Bank & Trust A Divisio, based in Laceyville, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: TOBACCO STORES AND STANDS
ARCHBALD, PA 18403

SBA Loan Lender

FIRST LIB BANK & TRUST A DIVISIO
101 MAIN ST
LACEYVILLE, PA 18623

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5993 - Tobacco Stores and Stands

NAICS Code

453991 - Tobacco Stores

Loan Approval Date

1/20/2000

Loan Approval Gross Amount

$20,800

Loan Approval from the SBA

Of the total $20,800 loan amount, the SBA guaranteed $16,640.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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