Brick and Structural Clay Tile Manufacturing Bank Loans

With these bank loans for brick and structural clay tile manufacturing, the SBA guarantees the lender that the loan will be repaid. This brick and structural clay tile manufacturing loan for $72,500 was given to a Pennsylvania entrepreneur in 2004.

This company knew how to go about getting a business bank loan. Based in Kinzers, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Fulton Bank, based in Lancaster, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: BRICK AND STRUCTURAL CLAY TILE MANUFACTURING
KINZERS, PA 17535

SBA Loan Lender

FULTON BANK
ONE PENN SQ
LANCASTER, PA 17602

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

327121 - Brick and Structural Clay Tile Manufacturing

Loan Approval Date

5/7/2004

Loan Approval Gross Amount

$72,500

Loan Approval from the SBA

Of the total $72,500 loan amount, the SBA guaranteed $61,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $72,500. How would you spend $72,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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