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November 15, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Wellsboro, Business Loans > Citizens & Northern Bank Wellsboro Business Loans > Personal Services Loan | ||||
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Pennsylvania Bank SBA Loans
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Citizens & Northern Bank SBA Loan to Personal Services CompanyLooking to get a Pennsylvania small business loan? Here's one Pennsylvania business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Eldred, Pennsylvania was able to borrow $48,000 from Citizens & Northern Bank. The SBA made the loan possible by guaranteeing $38,400 of this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender CITIZENS & NORTHERN BANK This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7299 - Personal Services Loan Approval Date 2/15/2000 Loan Approval Gross Amount $48,000 Loan Approval from the SBA Of the total $48,000 loan amount, the SBA guaranteed $38,400. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source This SBA loan was for $48,000. How would you spend $48,000 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: SBA Banks in Wellsboro, Pennsylvania
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