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November 22, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Johnstown, Business Loans > Ameriserv Financial Bank Johnstown Business Loans > Eating Places Loan | ||||
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Ameriserv Financial Bank
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Ameriserv Financial Bank SBA Loan to Eating Places CompanyAn SBA loan from Ameriserv Financial Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Conemaugh, Pennsylvania business owner got a $44,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Ameriserv Financial Bank, out of Johnstown, Pennsylvania. The loan was granted and they received $44,000 to help grow their Conemaugh, Pennsylvania business. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender AMERISERV FINANCIAL BANK This lender issued this particular SBA small business 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 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 4/3/2002 Loan Approval Gross Amount $44,000 Loan Approval from the SBA Of the total $44,000 loan amount, the SBA guaranteed $37,400. 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 4 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Ameriserv Financial Bank 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: Microlending as a Small Business Funding Source Best Johnstown, Pennsylvania Banks for Small Business
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