First National Bank - Pennsylvania Provides SBA Loan to Buy Hydro Physics Pipe Inspection Corp Franchise

Borrowing money to buy a Hydro Physics Pipe Inspection Corp franchise? First National Bank - Pennsylvania has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Hydro Physics Pipe Inspection Corp franchise is doable. In 2007, First National Bank - Pennsylvania issued an SBA franchise loan to an entrepreneur in Erie, Pennsylvania. Because Hydro Physics Pipe Inspection Corp was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.

SBA Loan Borrower

HYDRO-PHYSICS PIPE INSPECTION
ERIE, PA 16509

SBA Loan Lender

FIRST NATIONAL BANK - PENNSYLVANIA
3320 E STATE ST
HERMITAGE, PA 16148

This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

541990 - Professional, Scientific, and Technical Services

Loan Approval Date

5/18/2007

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $37,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Hydro Physics Pipe Inspection Corp franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First National Bank - Pennsylvania had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First National Bank - Pennsylvania made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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