Mt. Braddock, Pennsylvania Business Gets SBA-Guaranteed Funding from Branch Bank & Trust

An SBA loan from Branch Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mt. Braddock, Pennsylvania business owner got a $485,000 loan.

Getting a small business loan in Mt. Braddock, Pennsylvania was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Branch Bank & Trust, operating out of Morgantown, West Virginia. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: CLAY REFRACTORIES
MT. BRADDOCK, PA 15465

SBA Loan Lender

BRANCH BANK & TRUST
496 HIGH ST
MORGANTOWN, WV 26505

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3255 - Clay Refractories

NAICS Code

327124 - Clay Refractory Manufacturing

Loan Approval Date

11/8/2000

Loan Approval Gross Amount

$485,000

Loan Approval from the SBA

Of the total $485,000 loan amount, the SBA guaranteed $363,750.

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 12 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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