Raising Money for Men's and Boys' Cut and Sew Apparel Contractors

Looking for bank loans for men's and boys' cut and sew apparel contractors? Talk to a banker who works with the SBA. This $92,583 men's and boys' cut and sew apparel contractors loan was issued by a Pennsylvania bank.

This small firm knew how to go about getting a business bank loan. Based in Confluence, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Somerset Trust Company, based in Somerset, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: MEN'S AND BOYS' CLOTHING
CONFLUENCE, PA 15424

SBA Loan Lender

SOMERSET TRUST COMPANY
151 W MAIN ST
SOMERSET, PA 15501

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide 7A business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2329 - Men's and Boys' Clothing

NAICS Code

315211 - Men's and Boys' Cut and Sew Apparel Contractors

Loan Approval Date

12/15/2000

Loan Approval Gross Amount

$92,583

Loan Approval from the SBA

Of the total $92,583 loan amount, the SBA guaranteed $74,066.

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 20 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This SBA loan was for $92,583. How would you spend $92,583 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:

Financing Your Business

Small Business Banks in Somerset, Pennsylvania

SBA Pennsylvania Lenders