Borrowing Money for Drywall, Plastering, Acoustical, and Insulation Contractors

Looking for bank loans for drywall, plastering, acoustical, and insulation contractors? An SBA loan may be just what you've been looking for. This $74,240 drywall, plastering, acoustical, and insulation contractors loan was issued by a Pennsylvania bank.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with National City Bank, out of Erie, Pennsylvania. The loan was granted and they received $74,240 to help grow their Connellsville, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: PLASTERING, DRYWALL, AND INSULATION
CONNELLSVILLE, PA 15425

SBA Loan Lender

NATIONAL CITY BANK
801 STATE ST
ERIE, PA 16501

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1742 - Plastering, Drywall, and Insulation

NAICS Code

235420 - Drywall, Plastering, Acoustical, and Insulation Contractors

Loan Approval Date

11/15/2000

Loan Approval Gross Amount

$74,240

Loan Approval from the SBA

Of the total $74,240 loan amount, the SBA guaranteed $55,680.

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 29 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from National City 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:

Raising Venture Capital

Find an SBA Lender in Erie, Pennsylvania

Where to Get an SBA Loan Pennsylvania