Entrepreneur Works With Hollidaysburg, Pennsylvania Bank to Get an SBA Loan

Thinking about meeting with a Hollidaysburg, Pennsylvania bank about a small business loan? Here's one Pennsylvania business loan, issued by a Hollidaysburg bank, that was approved by the SBA.

Applying for an SBA loan with Omega Bank worked out well for our friends at one local company in Hollidaysburg, Pennsylvania. They received an SBA loan for $46,200. Awesome!

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICES
HOLLIDAYSBURG, PA 16648

SBA Loan Lender

OMEGA BANK
224 ALLEGHENY ST
HOLLIDAYSBURG, PA 16648

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . The low-doc program requires 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

7389 - Business Services

NAICS Code

561421 - Telephone Answering Services

Loan Approval Date

12/4/2002

Loan Approval Gross Amount

$46,200

Loan Approval from the SBA

Of the total $46,200 loan amount, the SBA guaranteed $39,270.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Accountant's Role in Securing Financing

SBA 7A Banks for Hollidaysburg, Pennsylvania Loans

Where to Get an SBA Loan Pennsylvania