SBA Loans for Hydroelectric Power Generation

Looking for SBA loans for hydroelectric power generation? Talk to a banker who works with the SBA. This $30,500 hydroelectric power generation loan was issued by a Pennsylvania bank.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Mercer County State Bank, out of Sandy Lake, Pennsylvania. The loan was granted and they received $30,500 to help grow their Jackson Center, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: HYDROELECTRIC POWER GENERATION
JACKSON CENTER, PA 16133

SBA Loan Lender

MERCER COUNTY STATE BANK
3279 S MAIN ST
SANDY LAKE, PA 16145

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

221111 - Hydroelectric Power Generation

Loan Approval Date

11/26/2002

Loan Approval Gross Amount

$30,500

Loan Approval from the SBA

Of the total $30,500 loan amount, the SBA guaranteed $15,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Mercer County State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Getting a Small Business Loan

Best Banks in Sandy Lake, Pennsylvania

Getting a Business Loan in Pennsylvania