Entrepreneur Works With Wellsboro, Pennsylvania Bank to Get an SBA Loan

Want to talk with a Wellsboro, Pennsylvania bank about a small business loan? Here's one Pennsylvania business loan, issued by a Wellsboro bank, that was approved by the SBA.

Applying for an SBA loan with Citizens & Northern Bank worked out well for our friends at one local firm in Clearfield, Pennsylvania. The business was able to get an SBA loan for $60,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: NONMETALLIC MINERALS SERVICES
CLEARFIELD, PA 16830

SBA Loan Lender

CITIZENS & NORTHERN BANK
90-92 MAIN ST
WELLSBORO, PA 16901

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

1481 - Nonmetallic Minerals Services

NAICS Code

541360 - Geophysical Surveying and Mapping Services

Loan Approval Date

12/12/2002

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

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 40 employees. The loan application did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This SBA loan was for $60,000. How would you spend $60,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Business Credit Evaluation

Small Bank Loans in Wellsboro, Pennsylvania

SBA Pennsylvania Banks