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November 15, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Pittsburgh, Business Loans > Dollar Bank A Fed. Savings Bk Pittsburgh Business Loans > Landscaping Services Loan | ||||
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Pittsburgh, Pennsylvania SBA Banks
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Pittsburgh, Pennsylvania Bank Lends Money to Landscaping Services Company in Monroeville (corp. Name Munici, PennsylvaniaFind Pittsburgh, Pennsylvania banks that specialize in small business loans and know how to work with entrepreneurs. Dollar Bank A Fed. Savings Bk is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Monroeville (corp. Name Munici, Pennsylvania starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Dollar Bank A Fed. Savings Bk. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: LANDSCAPING SERVICES SBA Loan Lender DOLLAR BANK A FED. SAVINGS BK 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 561730 - Landscaping Services Loan Approval Date 12/29/2000 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 15 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 15 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Obtaining Funding - How to Borrow Money Find an SBA Lender in Pittsburgh, Pennsylvania
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