Latrobe, PA Entrepreneur Gets SBA Loan to Buy Servpro Franchise

Need money to buy a Servpro franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Servpro franchise loans are available to Latrobe, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, National City Bank, based in Pittsburgh, Pennsylvania, issued an SBA franchise loan for a Servpro franchise in 2005. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

FIATO ENTERPRISES, LLC
Latrobe, PA 15650

SBA Loan Lender

NATIONAL CITY BANK
20 STANWIX ST, NATIONAL CITY
PITTSBURGH, PA 15222

This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

238990 - Specialty Trade Contractors

Loan Approval Date

7/6/2005

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $30,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had 14 employees. The loan application indicated that the loan would help retain 14 existing jobs.

Getting an SBA Loan For Your Business

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into National City Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

ServPro

Family and Friend Investors - Your First Financiers

Who Lends Money to Small Businesses in Pittsburgh, Pennsylvania

Find an SBA Lender in Pennsylvania