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November 22, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Hollidaysburg, Business Loans > Omega Bank Hollidaysburg Business Loans > Ice Cream And Frozen Desserts Loan | ||||
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Hollidaysburg Lenders
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Entrepreneur Works With Hollidaysburg, Pennsylvania Bank to Get an SBA LoanA Hollidaysburg, Pennsylvania business loan can be yours. Learn how a business got a $103,000 business loan from this Pennsylvania bank. This loan to a local firm is a good example of an SBA loan. Omega Bank made the loan and the SBA guaranteed a portion of the loan. Many other North Carolina entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: ICE CREAM AND FROZEN DESSERTS SBA Loan Lender OMEGA BANK This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2024 - Ice Cream and Frozen Desserts NAICS Code 311520 - Ice Cream and Frozen Dessert Manufacturing Loan Approval Date 2/14/2002 Loan Approval Gross Amount $103,000 Loan Approval from the SBA Of the total $103,000 loan amount, the SBA guaranteed $87,550. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. This SBA loan was for $103,000. How would you spend $103,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 - Getting Venture Capital Banks in Hollidaysburg, Pennsylvania
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