Irwin, Pennsylvania Bank Gives SBA Loan to Gift, Novelty, And Souvenir Shops Company

Get to know Irwin, Pennsylvania banks that specialize in SBA loans and know how to work with entrepreneurs. Irwin Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Greensburg, Pennsylvania starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Irwin Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR SHOPS
GREENSBURG, PA 15601

SBA Loan Lender

IRWIN BANK
309 MAIN ST
IRWIN, PA 15642

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

5947 - Gift, Novelty, and Souvenir Shops

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

4/13/2001

Loan Approval Gross Amount

$34,400

Loan Approval from the SBA

Of the total $34,400 loan amount, the SBA guaranteed $29,240.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company planned to use the loan proceeds to add employees 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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Irwin Bank and they will explain how you can get an SBA loan for your company.

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:

Dealing With Venture Capitalists

SBA Participating Banks in Irwin, Pennsylvania

Getting an SBA Loan in Pennsylvania