Union Bank & Trust SBA Loan to Eating Places Company

Union Bank & Trust has a track record as a leading provider of SBA loans. Find out how this Pennsylvania entrepreneur received an SBA loan from them.

This business knew how to go about getting a business bank loan. Based in Orwigsburg, Pennsylvania, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Union Bank & Trust, based in Pottsville, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
ORWIGSBURG, PA 17961

SBA Loan Lender

UNION BANK & TRUST
25 S CENTRE ST
POTTSVILLE, PA 17901

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/11/2006

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

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 11 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.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Orwigsburg PA, you ought to talk with a local Orwigsburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Orwigsburg businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $750,000 loan. Remember, where there is a will, there is a way!

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:

Determining Proper Capital Structure for a Business

Find an SBA Lender in Pottsville, Pennsylvania

SBA Lenders in Pennsylvania