Bank Loans for Electroplating, Plating, Polishing, Anodizing, and Coloring

With these bank loans for electroplating, plating, polishing, anodizing, and coloring, the SBA guarantees the lender that the loan will be repaid. This electroplating, plating, polishing, anodizing, and coloring loan for $118,400 was given to a Pennsylvania entrepreneur in 2002.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Portage National Bank, out of Ebensburg, Pennsylvania. The loan was granted and they received $118,400 to help grow their Oakdale, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: ELECTROPLATING, PLATING, POLISHING AND ANODIZING
OAKDALE, PA 15071

SBA Loan Lender

PORTAGE NATIONAL BANK
325 INDUSTRIAL PARK RD
EBENSBURG, PA 15931

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3471 - Electroplating, Plating, Polishing and Anodizing

NAICS Code

332813 - Electroplating, Plating, Polishing, Anodizing, and Coloring

Loan Approval Date

9/20/2002

Loan Approval Gross Amount

$118,400

Loan Approval from the SBA

Of the total $118,400 loan amount, the SBA guaranteed $100,640.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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:

Direct Public Offerings

SBA Participating Banks in Ebensburg, Pennsylvania

Getting an SBA Loan in Pennsylvania