Allison Park, Pennsylvania Bank Lends Money to Construction Material Merchant Wholesalers Company in Mercer, Pennsylvania

Get to know Allison Park, Pennsylvania banks that specialize in business loans and know how to work with entrepreneurs. Enterprise Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Mercer, Pennsylvania starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Enterprise Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: CONSTRUCTION MATERIAL MERCHANT WHOLESALERS
MERCER, PA 16137

SBA Loan Lender

ENTERPRISE BANK
4091 MOUNT ROYAL BLVD
ALLISON PARK, PA 15101

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423390 - Construction Material Merchant Wholesalers

Loan Approval Date

1/26/2007

Loan Approval Gross Amount

$1,650,000

Loan Approval from the SBA

Of the total $1,650,000 loan amount, the SBA guaranteed $1,237,500.

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 21 employees. This SBA loan request indicated that the loan would help retain 21 existing jobs.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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