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November 15, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > State College, Business Loans > Nittany Bank, A Division Of State College Business Loans > Single-Family Housing Construction Loan | ||||
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Nittany Bank, A Division Of
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Business Loan from Nittany Bank, A Division Of Given to Single-Family Housing Construction CompanyNittany Bank, A Division Of is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Pennsylvania entrepreneur who tapped into the power of SBA loans. This growing company knew how to go about getting a business bank loan. Based in Boalsburg, Pennsylvania, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Nittany Bank, A Division Of, based in State College, Pennsylvania. SBA Loan Borrower COMPANY TYPE: SINGLE-FAMILY HOUSING CONSTRUCTION SBA Loan Lender NITTANY BANK, A DIVISION OF The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1521 - Single-Family Housing Construction NAICS Code 236115 - New Single-Family Housing Construction Loan Approval Date 2/12/2004 Loan Approval Gross Amount $115,000 Loan Approval from the SBA Of the total $115,000 loan amount, the SBA guaranteed $97,750. 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 5 employees. The loan application did not indicate that the small business promised to use the money 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. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Nittany Bank, A Division Of so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Advice on Getting a Small Business Loan SBA Participating Banks in State College, Pennsylvania Getting a Business Loan in Pennsylvania
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