Pittsburgh, Pennsylvania Lender Lends Money to Ophthalmic Goods Company

Get to know Pittsburgh, Pennsylvania banks that specialize in small business loans and know how to work with entrepreneurs. Iron And Glass Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Bethel Park, Pennsylvania starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Iron And Glass Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: OPHTHALMIC GOODS
BETHEL PARK, PA 15102

SBA Loan Lender

IRON AND GLASS BANK
1114 E CARSON ST
PITTSBURGH, PA 15203

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3851 - Ophthalmic Goods

NAICS Code

339115 - Ophthalmic Goods Manufacturing

Loan Approval Date

4/4/2003

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

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 only one employee. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Iron And Glass Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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