Mount Pleasant, Pennsylvania Business Gets SBA-Guaranteed Funding from Standard Bank, Pasb

An SBA loan from Standard Bank, Pasb typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mount Pleasant, Pennsylvania business owner got a $10,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Standard Bank, Pasb, out of Murrysville, Pennsylvania. The loan was granted and they received $10,000 to help grow their Mount Pleasant, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: TEXTILE PRODUCT MILLS
MOUNT PLEASANT, PA 15666

SBA Loan Lender

STANDARD BANK, PASB
4785 OLD WILLIAM PENN HWY
MURRYSVILLE, PA 15668

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

314999 - Textile Product Mills

Loan Approval Date

10/17/2006

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Standard Bank, Pasb and they will explain how you can get an SBA loan for your company.

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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