SBA Loan from First National Community Bank Helps Retail Nurseries, Lawn And Garden Supply Stores Company

An SBA loan from First National Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Clarks Summit, Pennsylvania business owner got a $150,000 loan.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with First National Community Bank, out of Dunmore, Pennsylvania. The loan was granted and they received $150,000 to help grow their Clarks Summit, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: RETAIL NURSERIES, LAWN AND GARDEN SUPPLY STORES
CLARKS SUMMIT, PA 18411

SBA Loan Lender

FIRST NATIONAL COMMUNITY BANK
102 E DRINKER ST
DUNMORE, PA 18512

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5261 - Retail Nurseries, Lawn and Garden Supply Stores

NAICS Code

444210 - Outdoor Power Equipment Stores

Loan Approval Date

12/7/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 13 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First National Community Bank and they will explain how you can get an SBA loan for your company.

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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SBA Loan from First National Community Bank Helps Retail Nurseries, Lawn And Garden Supply Stores Company