Raising Money for Specialized Design Services

Looking for business loans for specialized design services? Talk to a banker who works with the SBA. This $153,000 specialized design services loan was issued by a Pennsylvania bank.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Community Bank & Trust, out of Clarks Summit, Pennsylvania. The loan was granted and they received $153,000 to help grow their Old Forge, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: SPECIALIZED DESIGN SERVICES
OLD FORGE, PA 18518

SBA Loan Lender

COMMUNITY BANK & TRUST
125 N STATE ST
CLARKS SUMMIT, PA 18411

This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541490 - Specialized Design Services

Loan Approval Date

4/25/2007

Loan Approval Gross Amount

$153,000

Loan Approval from the SBA

Of the total $153,000 loan amount, the SBA guaranteed $114,750.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 107 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 97 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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.

Related Links:

Direct Public Offerings

SBA Banks in Clarks Summit, Pennsylvania

Pennsylvania SBA 7A Banks