Business Loan from Mercer County State Bank Given to Cut Stock, Resawing Lumber, And Planning Company

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 Mercer, Pennsylvania business owner got a $100,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Mercer, Pennsylvania, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Mercer County State Bank, based in Sandy Lake, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: CUT STOCK, RESAWING LUMBER, AND PLANNING
MERCER, PA 16137

SBA Loan Lender

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

This lender processed this loan 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

321912 - Cut Stock, Resawing Lumber, and Planning

Loan Approval Date

6/18/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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 Line of Credit

SBA Banks in Sandy Lake, Pennsylvania

Getting a Business Loan in Pennsylvania