Raising Money for Nonhazardous Waste Treatment and Disposal

Looking for bank loans for nonhazardous waste treatment and disposal? An SBA loan may be just what you've been looking for. This $120,000 nonhazardous waste treatment and disposal loan was issued by a Pennsylvania bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Erie, Pennsylvania was able to borrow $120,000 from First National Bank - Pennsylvania. The SBA made the loan possible by guaranteeing $102,000 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: REFUSE SYSTEMS
ERIE, PA 16509

SBA Loan Lender

FIRST NATIONAL BANK - PENNSYLVANIA
5999 STATION RD
NORTH EAST, PA 16428

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with getting a loan . 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. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4953 - Refuse Systems

NAICS Code

562219 - Nonhazardous Waste Treatment and Disposal

Loan Approval Date

1/30/2002

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

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. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First National Bank - Pennsylvania are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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.

Related Links:

Debt Financing

Best Banks in North East, Pennsylvania

Getting a Business Loan in Pennsylvania