Jackson Center, Pennsylvania Business Gets SBA-Guaranteed Funding from Mercer County State Bank

An SBA loan from Mercer County State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Jackson Center, Pennsylvania business owner got a $20,000 loan.

Getting a small business loan in Jackson Center, Pennsylvania was an essential business goal for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Mercer County State Bank, operating out of Sandy Lake, Pennsylvania. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: MILLWORK
JACKSON CENTER, PA 16133

SBA Loan Lender

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

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

321918 - Millwork

Loan Approval Date

12/24/2003

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

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 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Business Incubators

Banks in Sandy Lake, Pennsylvania

Pennsylvania SBA Banks