 |
 |
November 22, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Hollidaysburg, Business Loans > First Commonwealth Bank Hollidaysburg Business Loans > Plastics Materials And Resins Loan | ||||
 |
||||
New Wilmington, Pennsylvania Bank for SBA Loans
|
||||
 |
Financing for Plastics Material and Resin ManufacturingWith these commercial loans for plastics material and resin manufacturing, the SBA guarantees the lender that the loan will be repaid. This plastics material and resin manufacturing loan for $95,000 was given to a Pennsylvania entrepreneur in 2001. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New Wilmington, Pennsylvania was able to borrow $95,000 from First Commonwealth Bank. The SBA made the loan possible by guaranteeing $80,750 of this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: PLASTICS MATERIALS AND RESINS SBA Loan Lender FIRST COMMONWEALTH BANK This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2821 - Plastics Materials and Resins NAICS Code 325211 - Plastics Material and Resin Manufacturing Loan Approval Date 7/18/2001 Loan Approval Gross Amount $95,000 Loan Approval from the SBA Of the total $95,000 loan amount, the SBA guaranteed $80,750. 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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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. Related Links: Advice on Getting a Small Business Loan Small Bank Loans in Hollidaysburg, Pennsylvania
|
|
||
|
||||
|
|
||||