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November 15, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Sandy Lake, Business Loans > Mercer County State Bank Sandy Lake Business Loans > Chiropractors Loan | ||||
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SBA Loan from Mercer County State Bank
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Mercer County State Bank SBA Loan to Chiropractors CompanyAn SBA loan from Mercer County State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cambridge Springs, Pennsylvania business owner got a $15,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cambridge Springs, Pennsylvania was able to borrow $15,000 from Mercer County State Bank. The SBA made the loan possible by guaranteeing $7,500 of this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: CHIROPRACTORS SBA Loan Lender MERCER COUNTY STATE BANK The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 621310 - Chiropractors Loan Approval Date 8/30/2007 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $7,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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. Related Links: Best Banks for Small Business in Sandy Lake, Pennsylvania
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