Sporting and Athletic Goods Manufacturing SBA Loans

Looking for SBA loans for sporting and athletic goods manufacturing? The SBA may be the answer. This $76,000 sporting and athletic goods manufacturing loan was issued by a Pennsylvania bank.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Wesbanco Bank, Inc., out of Washington, Pennsylvania. The loan was granted and they received $76,000 to help grow their Brownsville, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: SPORTING AND ATHLETIC GOODS
BROWNSVILLE, PA 15417

SBA Loan Lender

WESBANCO BANK, INC.
6 S MAIN ST, WASHINGTON TRUST
WASHINGTON, PA 15301

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3949 - Sporting and Athletic Goods

NAICS Code

339920 - Sporting and Athletic Goods Manufacturing

Loan Approval Date

8/23/2000

Loan Approval Gross Amount

$76,000

Loan Approval from the SBA

Of the total $76,000 loan amount, the SBA guaranteed $60,800.

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 5 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Brownsville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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