Small Business Loans for Specialized Local Freight Trucking

Looking for small business loans for specialized local freight trucking? An SBA loan may be just what you've been looking for. This $52,400 specialized local freight trucking loan was issued by a New York bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Dallas, Pennsylvania was able to borrow $52,400 from Manufacturers & Traders Trust. The SBA made the loan possible by guaranteeing $44,540 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: LOCAL TRUCKING WITH STORAGE
DALLAS, PA 18612

SBA Loan Lender

MANUFACTURERS & TRADERS TRUST
4925 MAIN ST
AMHERST, NY 14226

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

4214 - Local Trucking With Storage

NAICS Code

484220 - Specialized Local Freight Trucking

Loan Approval Date

7/26/2002

Loan Approval Gross Amount

$52,400

Loan Approval from the SBA

Of the total $52,400 loan amount, the SBA guaranteed $44,540.

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 only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $52,400 loan. Remember, anyone can do it... so why not you?

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.

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