Get an SBA Loan for Continuing Care Retirement Communities

With these small business loans for continuing care retirement communities, the SBA guarantees the lender that the loan will be repaid. This continuing care retirement communities loan for $187,500 was given to a Pennsylvania entrepreneur in 2004.

This company knew how to go about getting a business bank loan. Based in Corry, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First National Bank - Pennsylvania, based in Johnstown, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: INTERMEDIATE CARE FACILITIES
CORRY, PA 16407

SBA Loan Lender

FIRST NATIONAL BANK - PENNSYLVANIA
532-534 MAIN ST
JOHNSTOWN, PA 15901

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8052 - Intermediate Care Facilities

NAICS Code

623311 - Continuing Care Retirement Communities

Loan Approval Date

10/25/2004

Loan Approval Gross Amount

$187,500

Loan Approval from the SBA

Of the total $187,500 loan amount, the SBA guaranteed $140,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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.

This SBA loan was for $187,500. How would you spend $187,500 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:

Equity Financing

SBA 7A Banks for Johnstown, Pennsylvania Loans

Getting a Business Loan in Pennsylvania